ITT Tech Closing

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    ITT Tech Closing

    ITT Tech Closing


    Posted: 06 Sep 2016

    Not sure where to put this, but I know many people have used/are using ITT tech as their learning institution for computer sciences so you may be interested to know ITT Tech is shutting down nation wide (U.S.)....

    In late August, the U.S. Department of Education barred ITT (ESI) from enrolling new students who depend on federal aid and required the company to warn current students that its accreditation is in jeopardy. ITT also was told that it must increase its reserves from $94.4 million to $247.3 million, or 40% of federal student aid the company received in 2015.The financial blow was too much for Carmel-based ITT to bear, so the decision was made to shutter operations, a move that will impact thousands of students and employees.
    Source: ITT Tech shutting down all campuses nationwide
    sygnus21's Avatar Posted By: sygnus21
    06 Sep 2016


  1. Posts : 22,740
    Windows 10 Home x64
       #1

    I noticed that today and to be honest I have no love for profit schools like that one. Saddling students with huge loans and the use of misleading advertising makes me sick. Now they need to move onto other "schools" like this one.
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  2. Posts : 4,224
    Windows 10
       #2

    Wow! My colleague and business partner did a custom series of textbooks for them on information security starting about 4 years ago, finished two years ago. If that content is any indicator of quality and coverage, the problem was not with their instructional material. Very interesting!
    --Ed--
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  3. Posts : 2,161
    Windows 11 Beta channel
       #3

    BunnyJ said:
    I noticed that today and to be honest I have no love for profit schools like that one. Saddling students with huge loans and the use of misleading advertising makes me sick. Now they need to move onto other "schools" like this one.
    Agree with you 100%.
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  4. Posts : 78
    Windows
       #4

    I actually went to this stupid school and graduated back in 2003. Still owe money on my loans, but since my reputation is now being "threatened", I'm attempting to find out if they will forgive my remaining debt :)
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  5. Posts : 22,740
    Windows 10 Home x64
       #5

    TheZeeMan said:
    I actually went to this stupid school and graduated back in 2003. Still owe money on my loans, but since my reputation is now being "threatened", I'm attempting to find out if they will forgive my remaining debt :)
    I'm sorry to say but I wouldn't count on it. You're likely stuck with that loan just like any other education loan.
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  6. Posts : 13,895
    Win10 Version 22H2 Pro and Home, Win11 Pro and Home
       #6

    TheZeeMan said:
    I actually went to this stupid school and graduated back in 2003. Still owe money on my loans, but since my reputation is now being "threatened", I'm attempting to find out if they will forgive my remaining debt :)
    You may have to take advantage of one of those advertisements on the radio, and probably TV and in Print, about forgiving a portion of student loans, especially if the load was government-sponsored. I got one of those phone calls about it just last week, just hung up as I've never had a student load, didn't even go to college [Navy instead].
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  7. Posts : 376
    Windows 10.0.19043.2006
       #7

    EdTittel said:
    Wow! My colleague and business partner did a custom series of textbooks for them on information security starting about 4 years ago, finished two years ago. If that content is any indicator of quality and coverage, the problem was not with their instructional material. Very interesting!
    --Ed--
    The common problem is over promising regarding jobs after completing training.
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  8. Posts : 1,557
    W10 32 bit, XUbuntu 18.xx 64 bit
       #8

    If allowed to say here. What was the problem with ITT? What did they do? I thought these type of schools were supposedly different then regular colleges because you didn't have to take a courses like English or stuff you already know. Plus, you can get your degree earlier.
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  9. Posts : 376
    Windows 10.0.19043.2006
       #9

    groze said:
    If allowed to say here. What was the problem with ITT? What did they do? I thought these type of schools were supposedly different then regular colleges because you didn't have to take a courses like English or stuff you already know. Plus, you can get your degree earlier.
    This quote from Forbes:

    "All this raises the question of whether the Department even did its homework before extending billions in taxpayer-backed loans to ITT Tech in the first place. The school had many of the warning signs of a poor-quality institution: aggressive recruiting tactics, high dropout rates, low loan repayment rates, grade inflation, and a large percentage of revenue derived from government subsidies. The school’s accreditor, which acts as a gatekeeper of taxpayer aid money and supposedly considers whether the school actually provides a good education, greenlighted the accreditation of many other poor-quality schools. The school’s main virtue appears to be its age—having existed since 1969, evidently no one thought to make sure it was still living up to its promises."

    Full article here:

    http://www.forbes.com/sites/prestonc.../#7c9983c015e1
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