The Chantilly Campus of ITT Technical Institute sits closed and empty on Tuesday, September 6, 2016, in Chantilly, VA. ITT Educational Services, one of the largest operators of for-profit technical schools, ended operations at all of its ITT Technical Institutes, citing government action to curtail the company's access to millions of dollars in federal loans and grants, a critical source of revenue.
Photograph by Jahi Chikwendiu—The Washington Post via Getty Images
By Reuters
November 14, 2016

For-profit education stocks have surged on expectations that President-elect Donald Trump and a Republican Congress may ease regulations imposed on the industry by the Obama administration, Barron’s said in a report.

Stocks such as Grand Canyon Education (lope), DeVry Education Group (dv), and Capella Education (cpla) rose about 14% last week. Trump won an upset victory in Tuesday’s presidential election.

Jeff Silber at BMO Capital Markets said Trump’s election could be good news for for-profit education companies, according to Barron’s.

 

A federal court trial in San Diego is set to begin on Nov. 28 over claims by former students of now-defunct Trump University that they were defrauded by a series of real estate seminars. A Trump lawyer has requested that the trial be delayed until after Trump’s inauguration on Jan. 20. Trump denies the students’ allegations.

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