ITT Tech students and workers can tell their stories of fraud and harassment at My ITT Experience...........http://www.petervanpelt.com//myittexperience/index.html
Fraud Complaints
Students who have been defrauded(and workers who were harassed for being honest) should contact the CFPB--and be persistent. CFPB contact information: Cynthia Lesser (202) 435-9594 and Cynthia.Lesser@cfpb.gov
Lower default rate than ITT, loans wiped out
Only a matter of time before ITT gets what it deserves - A federal regulator says Corinthian College students will be forgiven a total of $480 million in loans because the for-profit school used "bogus" job prospects to persuade them to pay tuition... — read more
Why so little conversation here?
Why has this site gotten so little traffic? The layoff sites for Corinthian Colleges (COCO)and Education Management Corporation (EDMC)are heavily used. Having known students who felt ripped off by ITT, I know you cannot say that ITT is dramatically... — read more
Obama Proposes Free Community College
As ABC News says, it's more of a "political pipe dream." But more progressive states can do this.....http://abcnews.go.com/Politics/wireStory/obama-proposes-publicly-funded-community-college-28105522
Stock analysts predict ITT Tech Will Survive, Thrive...
http://seekingalpha.com/article/2763305-itt-educational-services-a-recovering-company-primed-for-a-short-squeeze
CFPB Case Against ESI
Here's the CFBP case against ITT Tech .............http://files.consumerfinance.gov/f/201402_cfpb_complaint_ITT.pdf
ITT Tech Borrowing More Money
Not long after getting a bailout from JP Morgan, ESI is getting another infusion by Cerberus Business Finance. JP Morgan and Wells Fargo in this deal to prop up ITT Tech.
Major Reductions in Retirement Plans?
"On November 21, 2014, notification was made to ITT Educational Services, Inc. (the "Company") pursuant to Section 101(i)(2)(E) of the Employee Retirement Income Security Act of 1974, as amended, regarding a blackout period (the "Blackout Period")... — read more
Layoff facts
Worked at two campuses in metropolitan area. Former adjunct because I no longer accept jobs at ITT Tech. Was facing increasing pressure to deliver cheap, lousy curriculum to students who were pressured to pay big bucks for lousy product. Until... — read more
JP Morgan Bank Bailing out ESI, Price Waterhouse Accounting Running Away from ESI Flack
None of this looks good. JP Morgan has to bail out ITT Tech by loaning them $79,000,000 which goes to the Dept of education. Even worse, Price-Waterhouse is running away from the... — read more
No work for students - no money for us
For-profit schools with graduates unable to pay back their school loans may soon face scrutiny by the federal government. http://bigstory.ap.org/article/c9fba2978ad4489e9aa73500532a7477/profit-colleges-face-gainful-employment-rule
Whistleblowers Expose ITT Tech's Predatory Practices
""I speak with people, for example, who work at boiler room call centers for for-profit colleges and the lead generation companies that provide the industry with many of its students. Recently I've been learning more about one particularly offensive... — read more
Happy Days Are Here Again!
Stock is soaring and the crisis has passed. Watch for a January announcement that Kevin Modany has been "persuaded" to continue in his strong leadership role for another five years.
Downer recommendation
http://www.thestreet.com/story/12918256/1/why-itt-educational-services-esi-stock-is-jumping-today.html?puc=yahoo&cm_ven=YAHOO
This doesn't look good. Why is the stock still going up?!
October 17, 2014 07:34 EDT ESI ITT Educational reports preliminary Q3 new student enrollments down 9.5% 07:34 EDT ESI ITT Educational reports preliminary Q2 new student enrollments down 8.1%
Here Comes the (Depressing)Story
http://finance.yahoo.com/news/itt-educational-services-announces-conference-121500263.html......."conference call at 11:00 a.m. ET on Friday, October 17, 2014, to discuss its 2013 operational and financial results, its preliminary, select operational... — read more
Whistleblowers Need to Speak Out
Workers may be legally obligated to report any fraud or crimes that are occurring at ITT Tech. On the other hand, you also have the right to file a whistleblower lawsuit for damages. You are not required to stay silent, no matter what you have... — read more
Stock is SOARING!!!
Our troubles are over!!!
Sign of ITT's Demise: Three Additional Lawsuits
For all of those ITT Tech workers and students who are reading this but not posting: the lawsuits keep on piling up for ITT Tech (Educational Services Inc). This is a predictable situation as ITT spirals out of control, joining Anthem and Education... — read more
4Profit Zombie Colleges: Corinthian Colleges Winding Down, EDMC Next, ITT Next in Line?
Corinthian Colleges (partially owned by Wells Fargo)has become a zombie enterprise. It's still on the stock exchange, but it has no value. Education Management Corporation(partially owned by Goldman Sachs)is just behind in its flight path. Many more... — read more
Why is our stock price falling?
Makes no sense? Does someone have insight into what's going on?
Will Anyone at ITT Tech Provide Remedies for ITT Tech's Fraud?
@Anonymous39855, @Anonymous40078, and any ITT Tech executives, if you currently work for ITT Tech, would you please help a former ITT Tech student? I recently spoke to a student who just left ITT who told me he had been conned by an ITT sales rep... — read more
Why ITT is destined to fail
"A training manual for recruiters at ITT Tech, another multi-state and virtual behemoth, instructed its employees to "poke the pain a bit and remind them who else is depending on them and their commitment to a better future.” It even included a "pain... — read more
Beginning of the end?
Currently trading at $4.87. The leaders in Carmel must have seen this as a real possibility. Why on earth don't they just file the damn documents? Or do they know that filing them will make the company look even worse than not filing them does? Are... — read more
ITT Future in Peril
"ITT Educational Services Inc. (ESI), an operator of for-profit colleges, said it received a notice that the U.S. Securities & Exchange Commission may take enforcement action related to its loans to students. ITT Educational has also been placed on... — read more
Shortsellers keen on taking down ITT Tech (ESI)
Let's see if California Senator Dianne Feinstein's husband Richard Blum makes a play on upping his investment in ESI. Shortsellers are keen on taking down ITT Tech (ESI) today....https://twitter.com/USinjustice
Anybody noticed us advertising here?
It's borderline insane, why would ITT spend money on that?
Anybody noticed us advertising here?
It's borderline insane, why would ITT spend money on that?
More Law Firms to Feast on ITT Carcass
More vultures.....http://finance.yahoo.com/news/esi-shareholder-alert-own-stock-130000467.html
ACICS Question
We are doing our CEP and on graduate surveys. Are graduate surreys conducted 90 days after graduation or 90 days after a graduate has been placed? I'm getting conflicting answers. In one of the effectiveness manuals, it says specifically graduation... — read more
John Oliver Ridicules ITT
Here's what John Oliver says about the ITT brand. The ITT part comes in at about 4:30........http://www.slate.com/blogs/browbeat/2014/09/08/john_oliver_student_debt_segments_goes_after_for_profit_colleges_video.html
Salary evaluation -Career Services
What kind of salaries do Csa and docs make? And location
ITT Tech May Be the Next To Fall
https://www.insidehighered.com/news/2014/08/19/education-department-reviews-its-monitoring-large-profits-wake-corinthian-collapse......"ITT Education appears to be the most vulnerable. The for-profit chain, which enrolls 55,000 students at 135... — read more