Item 1(a)

Name of Issuer:

ITT Educational Services, Inc.

Item 1(b)

Address of Issuer’s Principal Executive Offices:

13000 North Meridian Street

Carmel, Indiana 46032-1404

Items 2(a)

Name of Person Filing:

This Schedule 13G is being filed jointly by Select Equity Group, Inc., a New York corporation (“Select”), Select Offshore Advisors, LLC, a New York limited liability corporation (“Select Offshore”), and George S. Loening, the controlling shareholder of Select and Select Offshore(“Loening”). Select, Select Offshore and Loening are sometimes collectively referred to herein as the “Select Reporting Persons.”

Item 2(b)

Address of Principal Business Office:

The business address of each of the Select Reporting Persons is:

380 Lafayette Street, 6th Floor

New York, New York 10003

Item 2(c)

Citizenship:

George S. Loening is a United States citizen.

Item 2(d)

Title of Class of Securities:

Common Stock

Item 2(e)

CUSIP Number:

45068B109

Item 3

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is:

(a)

o

Broker or dealer registered under Section 15 of the Act;

(b)

o

Bank as defined in Section 3(a)(6) of the Act;

(c)

o

Insurance company as defined in Section 3(a)(19) of the Act;

(d)

o

Investment company registered under Section 8 of the Investment Company Act of 1940;

(e)

x

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)

x

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);