.....INDIANAPOLIS (WISH) — Attorneys for ITT Tech informed the state’s board of nursing that the now-shuttered for-profit college plans to file for bankruptcy... — read more
ITT - DEBT FORGIVENESS
Do you know were I should start if I'd like to inquire about ITT debt forgiveness? Any good links, is there something on the government page that tells me how to get organized and who to contact in order to take care of the debt? Also, does anyone... — read more
So close
I'm sorry for everyone here that is negatively affected by the closure. I thought i was going to be a lucky one and finish my last class. As of yesterday I received notice that the quarter would not be allowed to continue. I have already turned in... — read more
Fortune Article: ITT Tech Is Preparing to File for Bankruptcy
http://fortune.com/2016/09/15/itt-technical-institute-bankruptcy/
Bankruptcy
I'm going to put my private loans in bankruptcy later this year. Between fraud and the exorbitant amount I have its an undue hardship.
http://www.indystar.com/story/money/2016/09/14/itt-cease-all-operations-friday/90374470/
600 to be laid off in Indiana (as of this Friday)
Checkmate DOE.
Cerberus is nothing more than a loan broker. They get money from those that have it, lend it, collect fees from the borrower, then service the debt to create profit for the investor. Guess who backed the loan to ITT? That's right, Modany and... — read more
who got their last paycheck pulled back???
I got money and then ITT took it back! UGH!!!!!!!!!!! I would like my money I worked for!!!! It is not much but I worked for it.
Buy In, Variance Meeting, ASR, Re-entry meeting...Fun ITT Words & Phrases! Post them up!!!
Plan Vs. Actual.
Cerberus moves in. All operations cease on Sep 16.
From 8-K filing Cerberus has moved on the company bank accounts. Company plans to cease all operations on Sep 16. From 8-K Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance... — read more
It's filed.
Bankruptcy... all you grads, just got hosed, eh?
SNHU to 'rescue' Daniel Webster College
http://www.unionleader.com/Education/SNHU-to-rescue-Daniel-Webster-College-09132016 " ...Southern New Hampshire University has worked out a "teach-out" deal with Indiana-based ITT Educational Services to take control of Nashua's Daniel Webster... — read more
WARN - Class Action Law Suit Document
This is the link for the WARN - Court Filing Document for Class Action Law Suit http://wtax.com/wp-content/blogs.dir/110/files/2016/09/BlackwellVITTTech.pdf
Bankruptcy
Bankruptcy will be filed Friday. Chapter 7. No more employees as of tomorrow morning.
A Subprime Education
In a one-hour special on Tues., Sept. 13, FRONTLINE presents two films on education in America. First: In “A Subprime Education,” we return to the story of for-profit colleges — which FRONTLINE first examined in the 2010 film “College Inc.” — to... — read more
Student asking for inside help.
First of all before I get bashed I do understand this is an employee layoff site. This is why I am choosing this route. I was an ITT nursing student with 3 months left til my RN. No one will help and do not want loan forgiveness. However our class... — read more
ITT Closure Memo (Modany's final email)
Dear ITT Tech Family, On August 25, the U.S. Department of Education imposed a series of new requirements and conditions on the ITT Technical Institutes, including imposing conditions on our institutions’ continued participation in the federal... — read more
Striking Federal Student Loans
Got this via email: Many of you have been asking what collective action we can take to get the Department of Education to use its power to discharge and refund former students' federal student loans. We've encouraged folks to submit Defense to... — read more
New SEC Filing
Real estate sale from a couple of weeks ago cancelled and Kevin is searching for a path forward that includes the company paying his legal bills in the SEC fraud charges.
Memory Lane: 2009 IBJ Article
7 years ago ITT Tech was riding high but the signs of strains were there. Interesting to look at some of the comments in this article in light of events since then. http://www.ibj.com/articles/10586-big-profits-elevate-itt-educational-into-rare-class
Mondany has Napoleon complex
The little man, weighs about 150, 5' 7". He tanked a company in the past, deserted and divorced his wife and two children, then married his secretary who is about twenty years younger which is against company policy to date someone working for you... — read more
If the Government Would Have Done the Correct Thing.
There wouldn't be this huge student loan problem if the Federal Government wouldn't have taken over the lending process. By handing out loans to anyone that breathes they opened up the student loan system to fraud in the for profit education... — read more
I know you are losing jobs. But does anyone care about the students? Remember them?
I hear that Breckinridge students will have their credits transferred in KY. Anybody know any other schools that are having ITT Tech or Breckinridge credits successfully transfer over to public institutions? If you do, please let the ITT Tech... — read more
Assigned training on 9/09 that must be completed in 30 days
Checked my ITT-tech email for updates. I've been assigned training sessions that must be completed within 30 days. Training was assigned on 9/09. Three days after being laid off.... D'oh! Anyone else get any weird training emails?
Email?
Is anyone's email still working? I was able to get in there earlier but there are now issues.
ITT Tech faces 3 employee-driven lawsuits
http://www.indystar.com/story/money/2016/09/08/itt-tech-faces-3-employee-driven-lawsuits/90016472/
Pending class action filed. I know at least 7 more called to join today, I make 8... Have you called?
http://www.prnewswire.com/news-releases/peiffer-rosca-wolf-files-class-action-against-itt-educational-services-inc-alleging-warn-act-violations-300324382.html
HSA Contribution Tomorrow
I sent an email to ebenefits mailbox about my HSA contribution that was deducted from my paycheck but not in my account and received this response: "Those deposits were made yesterday so they will show up in your account tomorrow."
Can someone please post Sept. 6 email from Modany to employees?
Can't log in to ITT-Tech email any more -- says password or user name incorrect. Does anyone still have access to the message Modany posted first thing Sept 6? Not the termination notice, but the one where Modany says he sincerely regrets etc etc... — read more
Did you get your belongings?
How was your campus today? We're there lots of students trying to get transcripts of just employees trying to get their items and leave as quick as possible?
Parent Co. and Campuses were ALL notified on August 25th by Dept of Education they would be shutting doors advised to tell students - staff
http://www.durbin.senate.gov/newsroom/press-releases/durbin-statement-on-department-of-education-actions-against-itt-tech... — read more
Itt student
I have read just about every comment here and I look at most with some form of disappointment. What seems to be getting lost is the fact that over 4,000 hard working students are having to start over. The time and effort put forth should be admired... — read more