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News Release


ITT/ESI Responds to Rohit Chopra Letter


CARMEL, Ind., June 24, 2015 /PRNewswire/ -- Today, Nicole Elam, vice president of government relations and external affairs for ITT Educational Services, issued the following statement in response to a letter from Rohit Chopra, former student loan ombudsman for the Consumer Financial Protection Bureau, to investors dated June 24, 2015.

"Putting aside the troubling fact that Mr. Rohit Chopra is attempting to impact investors of a publicly traded company with information he received while in an official capacity at a U.S. governmental agency, his letter is a perfect example of the myopic view pervading some in D.C. regarding taxpaying educational institutions.  The fact that he would write such a letter to investors days after leaving the Consumer Financial Protection Bureau trumpeting mere allegations against the company demonstrates a personal bias against our institutions and an unwillingness to allow for due process to work, the cornerstone of the U.S. legal system.  Allegations are not facts and we think our investors will not take action based on simple assertions from someone with an ideological axe to grind."


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Nicole Elam, Vice President                                                                           www.ittesi.com
(317) 706-9200