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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: 0) by Anonymous Coward on Wednesday September 07 2016, @05:23AM
At least you got out of it 'free'.
My wife went to one of these for profit places. The 99.999% job placement they advertised? It was a room where a part time lady sat. Her job was to hand you a sheet of paper with the phone number of a few temp agency's.
Oh and the best part. The place was NOT accredited. So it ended up being a useless degree that cost her several thousand dollars and a couple of years of time. So she will get to retake all the classes again.
The second best part? Her mom put her into this school because it was cheap. The older sister got a full ride from mom at a real college in Florida.
ITT is not the only one out there. There are hundreds of these places. I am just surprised ITT lasted as long as it did. They usually fold after a few years.
They made us take classes completely unrelated to the degree focus
Almost all colleges do that. Do you think I took native American literature because I wanted to know about it? No I took it because it was a 2fer class and ticked off two graduation requirements.
and the book was available from Fry's Electronics for *$20* Retail.
Oh you have not lived until you have paid 350 for one book and another 80 for the online test access code. Oh and the book is pretty much worth 2 bucks on sell back because r37 has just been released and r36 you were using is now useless. So no buy back and no used books for the next class.