ITT Educational Services (ESI) New Enrollment Fell 9.5% in Q3

Preliminary Operating Data for the Three Months Ended September 30^th, Unless Otherwise Indicated

(Dollars in millions)

2014

2013

Increase/(Decrease)

New Student Enrollment

18,377

20,307

(9.5)%

Continuing Students

38,795

40,690

(4.7)%

Total Student Enrollment as of September 30^th

57,172

60,997

(6.3)%

Persistence Rate as of September 30^th(A)

69.9%

69.4%

50 basis points

Cash and Cash Equivalents and Restricted Cash as of
September 30th ^(B)

$206.9

$170.6

21.3%

Borrowings under Revolving Credit Agreement as of
September 30th ^(B)

$50.0

$60.0

(16.7)%

^(A) Represents the number of Continuing Students in the academic term, divided by the Total Student Enrollment in
the immediately preceding academic term.
^(B) Amounts reported are preliminary and subject to change.