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  1.    06 Sep 2016 #1
    Join Date : Jun 2014
    USA
    Posts : 1,408
    Windows 10 Pro x64

    ITT Tech Closing


    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
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  2.    06 Sep 2016 #2
    Join Date : Jan 2014
    Oak Ridge TN, USA
    Posts : 24,497
    Windows 10 Pro x64

    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.
      My ComputerSystem Spec
  3.    06 Sep 2016 #3

    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--
      My ComputersSystem Spec
  4.    06 Sep 2016 #4
    Join Date : Jun 2014
    San Diego, CA
    Posts : 1,686
    Windows 10 Pro Insider Preview x64

    Quote Originally Posted by BunnyJ View Post
    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%.
      My ComputerSystem Spec
  5.    07 Sep 2016 #5
    Join Date : Jul 2015
    Posts : 78
    Windows

    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
      My ComputerSystem Spec
  6.    07 Sep 2016 #6
    Join Date : Jan 2014
    Oak Ridge TN, USA
    Posts : 24,497
    Windows 10 Pro x64

    Quote Originally Posted by TheZeeMan View Post
    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.
      My ComputerSystem Spec
  7.    07 Sep 2016 #7
    Join Date : Aug 2014
    Forever West
    Posts : 3,912
    Win10 Home and Pro, Win10 Insider Preview, Win7 Home, Linux Mint

    Quote Originally Posted by TheZeeMan View Post
    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].
      My ComputerSystem Spec
  8.    08 Sep 2016 #8
    Join Date : Oct 2014
    Posts : 218
    Windows 10 x64

    Quote Originally Posted by EdTittel View Post
    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.
      My ComputerSystem Spec
  9.    08 Sep 2016 #9
    Join Date : Oct 2014
    Posts : 1,552
    W7 32 bit, Linux Mint Xfce 18 64 bit

    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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  10.    08 Sep 2016 #10
    Join Date : Oct 2014
    Posts : 218
    Windows 10 x64

    Quote Originally Posted by groze View Post
    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
      My ComputerSystem Spec

 
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