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Today, ITT Educational Services, Inc. (ITT) announced that it is closing all of its ITT Technical Institute campuses. For most of the world, that news will be covered as a business story or a political one, but I know that for you it is deeply personal. You are probably wondering what this means for your future; how it is going to affect your finances and your ability to continue your education.
In recent years, ITT has increasingly been the subject of numerous state and federal investigations. In August, ITT's accreditor, the Accrediting Council for Independent Colleges and Schools (ACICS) determined that ITT "is not in compliance, and is unlikely to become in compliance with [ACICS] Accreditation Criteria." This came amid increasingly heightened financial oversight measures put in place by the Department over the past two years due to significant concerns about ITT's administrative capacity, organizational integrity, financial viability, and ability to serve students.
[...] Whatever you choose to do, do not give up on your education. Higher education remains the clearest path to economic opportunity and security. Restarting or continuing your education at a high-quality, reputable institution may feel like a setback today, but odds are it will pay off in the long run. There are people and tools – like our College Scorecard – out there to help you pick a program that gives you a real shot at success.
I am proud of your hard work and dedication, and we will do all we can to continue to provide information to you on your options.
Sincerely,
John B. King Jr., U.S. Secretary of Education
Source: Department of Education
(Score: -1, Flamebait) by Anonymous Coward on Wednesday September 07 2016, @02:44AM
Great Recession, jobless recovery, discouraged workers, long-term unemployment coinciding with years Obama is in office. Obama Administration mouthpiece spews propaganda.
(Score: 4, Informative) by PartTimeZombie on Wednesday September 07 2016, @02:58AM
It's got nothing to do with Obama, he just does what the corporates tell him.
George the 2nd said it best: "Ya gotta dance with those what brung ya".
(Score: 0) by Anonymous Coward on Wednesday September 07 2016, @08:59PM
While i dont support O, in this case i disagree. If he was listening to the money, they would have not had to close down.
(Score: 0) by Anonymous Coward on Wednesday September 07 2016, @06:36AM
Hey dude! I've got a great tiger repelling rock to sell to you. It's awesome! Only $99,95 /month.
(Score: 0) by Anonymous Coward on Wednesday September 07 2016, @06:41AM
This just in: i now have a Obama repelling rock to sell to you! That's going to cost more, but hey, it keeps the Obamas of your yard, and that's not all: It will guarantee Barack Obama will never be a president of US of A again!
(Score: 0) by Anonymous Coward on Wednesday September 07 2016, @07:30AM
Thanks but no thanks. Already have an Obama repelling rock. Got it for free on a trip downtown. Was just walking down the street when a rock cried out NO BAMA! Took the rock home and sleep with it next to my bed every night.
(Score: 2, Funny) by Anonymous Coward on Wednesday September 07 2016, @01:36PM
I ran a 8 year experiment back in the 80s when one of the fast food chains was singing the praises of their Obama repelling rocks. Tacked a couple to the sunny side of a shed, and staked a couple more on the ground. Ten years later my wife took them down and threw them in the recycle when we moved out of that house.
Statute of limitations on false advertising had already expired.
(Score: 0) by Anonymous Coward on Wednesday September 07 2016, @03:17PM
Does it repel Nick Saban too?