http://www.businessinsider.com/sec-itt-education-charges-2015-5
ITT is going to be on the hook for every bad loan the pushed through
The new defense to repayment rules are going to take money from ITT for every student that gets their loans wiped. There has been a chronic pattern of harassing, lying to students, and inflating costs to the point most of their graduates default -... — read more
Still not a peep?
Stock down by half again in less than a week and not one person says a word? Starting to look more like a cult than a school or even a business.
The debt collective is going to fail
Without adding in the students from ITT and UoP, even if they score anything it will be narrowly defined only for a handful of Corinthian students. They need to broaden the scope massively and without that they are going to sputter out.
Over a cliff
This place went off a cliff years ago, but nobody wants to admit it. Stock down 15% today and not a peep. Corrupt CFO leaves, not a peep. Can't wait until this fraudulent waste of taxpayer money finally gets shut down.
Navient (former Sallie Mae)
How to deal with these guys?
Big target on its back
I don't think anybody at ITT realizes they are now the biggest source of fraud and defaults in the for profit arena.. And the biggest target for former students and senators seeing all the debt that crushes lives and can't be wiped away.
Adjuncts don't really even work for ITT
My point is the adjuncts don't really even work for ITT, most of them work somewhere else full time and only do the ITT for a pittance and generally it shows in the curriculum and student outcomes down the road. This school wastes 90% of the money on... — read more
CCI dead now it looks like
ITT was just as crooked and ruined just as many lives.. When is the debt collective going to start working on getting them shut down and fraudulent loans discharged?
http://www.idahostatesman.com/2015/04/24/3769624_itt-tech-team-from-boise-midway.html?rh=1
http://www.idahostatesman.com/2015/04/24/3769624_itt-tech-team-from-boise-midway.html?rh=1
https://banweb.ous.edu/oitprd/owa/oitcas_web.p_DispEquivalencies
https://banweb.ous.edu/oitprd/owa/oitcas_web.p_DispEquivalencies non of Oregon state university will take ITT TECH CREDITS , please review the link to see the facts. So how much does ITT TECH associates degree cost? I remember they came to my high... — read more
Too quiet
I have a funny feeling this school will lay everyone off before they even find this site and talk about it.
Encouraging
http://www.thenation.com/blog/204857/liberals-hillary-make-public-college-debt-free --- It won't be long before they make public colleges free like most of the countries we compete against, and once that point comes it doesn't make sense to leave the... — read more
ITT MUST CLOSE
With the current leadership Barry S and others this company must close. This is all about their money. They always say that all of their decisions is based on the good of the students. Translation..., please sign up and will be happy to take your... — read more
FLA ITT- anybody know the real reason Michelle Lawrence got canned as campus director?
She has landed as CP for Everest now
Are teachers telling students about ITT Tech's situation?
Will ESI continue to keep its students in the dark about its finances, and what the implications are? Will teachers inform their students about the situation. Briefly, this is what has happened. •CEO Kevin Modany resigned (effective February 7... — read more
The faster you wave the flag the more you believe in America
You gotta wonder what the founding fathers would think of this BS.. http://www.huffingtonpost.com/2015/04/07/obama-student-loan-income-based-repayment_n_7010344.html
What should former students do?
I owe roughly 40k, I've never paid a dime. I have PEAKS, Navient, and Great Lakes. I'm not even sure which of these are federal and which are private. Can only plead ignorance to the system. My credit is terrible now, what should former students like... — read more
Blum Divests, Shadow Bankers Taking Slack
As Richard Blum slowly divests, now it's just the shadow bankers, JP Morgan, and Cerberus propping up this "zombie college." Let's see how long they will hold this dysfunctional company... — read more
Another Blow to ESI?
"The U.S. Department of Education plans to name the colleges whose access to federal money it has restricted because of concerns about the risk they pose to students and... — read more
ITT Tech/ESI Using Temporary Forbearance to Manipulate Student Loan Default Numbers
"And some colleges with already poor default rates look even worse. ITT Technical Institute, for example, already has a poor cohort default rate of 27 percent, but it sent more than 123,000 borrowers into repayment over three years while awarding... — read more
33% of all students can't afford to pay
http://www.huffingtonpost.com/2015/03/27/federal-student-loans-delinquency_n_6957036.html
Good article about student loan bankruptcy
http://www.americanbanker.com/bankthink/a-simple-solution-to-the-student-loan-crisis-1073477-1.html
ITT Tech Students Joing Debt Collective
ITT Tech students who cannot pay back their loans are joining the Debt Collective............https://debtcollective.org/studentstrike....The debt strike started with the Corinthian 15, but the movement is expanding to other schools where students... — read more
ITT is a Scam
ITT is being managed by crooks. These crooks are all about profits and they don't give a dime about the students. Their directives to the field is to make profit in each school and if that is not happening, they replace all of their managers and they... — read more
Get rid of this ITT monster
ITT is nothing but a monster eating tax payers money to pay their executives high $ salaries and bonuses. Rest assure that these executives don't give a s*** about their employees or their students. All about their money.
DOE Selling this bitch off?
How much do you bet that the corrupt department of education is using more federal dollars to hand this 'fine organization' to some third party debt collector or shell company like Corinthian? Their management is terrible and with the dozens of... — read more
Counts 1-3 in CFPB Case Still in Play
ITT Tech (ESI) gets Count 4 dismissed. Counts 1-3 stlll in play............http://www.republicreport.org/wp-content/uploads/2015/03/ITT-Order-Motion-to-Dismiss.pdf
White House Studying New Bankruptcy Options for Student-Loan Borrowers
Once this is studied and drafted, POOF there goes all of ITT's former students and hopefully the lenders start clawbacks from ITT Tech. http://www.wsj.com/articles/white-house-studying-new-bankruptcy-options-for-student-loan-borrowers-1426004272
No Earnings Report Signals Trouble?
ESI has not presented a Quarterly Earnings Report since October 17, 2014............http://www.ittesi.com/index.php?s=19#past:2015:3............That's not good. Stockholders have to be wondering about the wait--especially after PWC gave up a... — read more
A few questions
What are the chances that the students who were suckered into the PEAKS loan program would have the loans wiped out, if ITT goes BK? Would federal student loans taken out by students who attended ITT also be wiped out or reduced? Will this be a... — read more
Navient dismissed
How about that, their lapdog Navient got the boot too! http://www.thestreet.com/story/13070670/1/more-regulatory-trouble-for-debt-collectors-as-navient-loses-contract.html?puc=yahoo&cm_ven=YAHOO
Yet another lawsuit
http://www.sys-con.com/node/3308321
Please quote but do not take other people's content
Do not post entire articles from other sites - do the creator a courtesy and point to their site
Even the government doesn't take loans seriously
With concerns mounting that rising student debt risks undermining economic growth -- a result of households delaying or reducing their home and auto purchases, investments in small businesses or retirement savings -- the data gap is reminiscent of... — read more
Illegitimate Debt
The Corinthian 15, the narrative goes, fell victim to a bad actor, a predatory company that preyed on the good intentions students and their relative lack of opportunity. Corinthian Colleges, Inc.'s history of abuse, in this respect, grants the debt... — read more
Yet another reason ITT is in trouble
Analysis reveals that 34 percent of students with just $5,000 of outstanding debt—hardly “high”—default on their student loans. Student debt imperils far more than just individual borrowers’ monthly budgets. It erodes higher education’s ability to... — read more
Repent Sinners
Anybody who worked at ITT has ruined countless lives. Repent of your sins and seek forgiveness for the extreme damage and hardship you have visited on your fellow man in the name of greed. I am coming. I will judge you all.
For-Profit Students Refuse to Pay Student Loan Debts
Anybody who watches the 4profit college business closely knows about the first student debt strike (by the "Corinthian 15") that happened yesterday. Isn't it quite possible that ITT Tech students (especially those with PEAKS loans) will join the... — read more
Start packing...
ESI is in monumental trouble. Their path is eerily similar to Corinthian Colleges and Education Management Corporation. Look at the news from 2014-2015: CEO Modany resigns (effective this month). PWC quits its $6 million auditing deal (effective... — read more