Topics regarding layoffs at ITT Educational Services Inc.

Topics regarding layoffs at ITT Educational Services Inc.

ACICS SHOW-CAUSE AUG 17 LETTER to ITT POSTED

Go to the ACICS link below & click on ITT to download pdf of the letter It appears other letters for other scools might be there too http://www.acics.org/commission%20actions/content.aspx?id=6712

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| 1620 views | | 4 replies (last August 31, 2016)
Post ID: @OP+J96D3XF

I heard today

We're definitely not having a September start and any hope of re entries and keeping students on the asr is dead in the water. . Recruitment seems to be out.

Come with me and you'll be in a land of pure imagination.

RIP Gene Wilder. Rather be working for your chocolate factory than ITT-Tech. Sometimes imagination is best thing ever. But not so great when your company is charged innocent students $40K of real money for an imaginary degree.

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| 811 views | | 2 replies (last August 31, 2016)
Post ID: @OP+J8wBN85

Called Navient

FYI - just in case some students are reading this - I called Navient around 11 a.m. PDT today - the lady on the phone said if the school closes you can apply for closed school forgiveness. Also, she said that her phone was ringing all day with... — read more 

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| 960 views | | 2 replies (last August 31, 2016)
Post ID: @OP+J8TbZ6W

No Teach Out

No teach out phase. They are getting shut down completed. They told their staff maybe Friday with response but ACICS said, shut down Wednesday.

Sept Cancellation

This is true. It has been cancelled since they cannot enrolled no more new students for Sept 2016

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| 1140 views | | 3 replies (last August 31, 2016)
Post ID: @OP+J8uNeJ7

Fall Term Cancelled?

This guy claims to have called schools in several states, saying now that the fall term has been cancelled for all students: http://seekingalpha.com/article/4003130-itt-educational-services-equity-worthless-update

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| 1020 views | | 1 reply (August 30, 2016)
Post ID: @OP+J8wMcU5

Party isn't over yet

Party isn't over yet, they are going to try sell ITT tech, Corinthian was sold in the end, Corithian was MUCH more messed up than ITT

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| 1000 views | | 4 replies (last August 30, 2016)
Post ID: @OP+J8I02R0

Make no mistake.....

I was a recruiter there for 3 years myself. There were good people there trying to do right by the students, against all odds. Who knows? Maybe the ones who claim to have worked there, defending it on these posts, really did belong to the flower... — read more 

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| 1060 views | | 5 replies (last September 1, 2016)
Post ID: @OP+J8L4yaw

Just in case there was any question

Just in case there was any question what ITT thinks about its students, they still have not made a statement. Just keeping the students they pretend to care about dangling in the air.

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| 1140 views | | 7 replies (last August 31, 2016)
Post ID: @OP+J8nZ2Rw

Navient

Started getting credit report alerts earlier this morning. Navient is charging off my debt one by one.

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| 983 views | | 1 reply (August 30, 2016)
Post ID: @OP+J8a99YI

ACICS

Just found out that ACICS will be making a visit to my school this week, to audit our files. It's supposed to be a surprise, we don't know which day.

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| 900 views | | 3 replies (last August 30, 2016)
Post ID: @OP+J8UzvKB

Yude Zhang

Must have lost confidence in senior management. Or hangover setting in and he is wondering what in the bell he was ever thinking. Sold a million shares yesterday and is down to 8% ownership of soon to be nothing.

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| 1050 views | | 2 replies (last August 30, 2016)
Post ID: @OP+J84zLsB

Parralles

I would suggest that everyone read the Corinthian section of this website. Posts are 2 plus years old. You might see some parralles to ITT. Sobering if you take time to read. Did not end well for them....

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| 960 views | | 4 replies (last August 30, 2016)
Post ID: @OP+J8c8SAk

Chicago Politics

You think Obama is just clearing the field for his buddies who just bought University of Phoenix? http://www.nationalreview.com/article/437400/barack-obama-martin-nesbitt-profit-from-his-presidency No arguing that ITT has never had their day in court... — read more 

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| 1560 views | | 16 replies (last August 30, 2016)
Post ID: @OP+J81S81L

Anyone from Corinthian here?

How did the things play out for you? I wander if we'll follow the same path, so having some background would help. Post if you know.

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| 980 views | | 5 replies (last August 30, 2016)
Post ID: @OP+J8TbJcA

Teach Out

There's no "teach out". Its done... The staff was told Friday not to show up. I stopped by the local campus...and the place was basically abandoned. Doors open, but no staff, one instructor (but her classroom was locked) and a few students wondering... — read more 

It's happening

There were already binding severance packages for employees at at least about 10 campus locations. Quarter does not officially end for all schools on Monday. Legacy schools in states such as PA that will still have another week of finals so there may... — read more 

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| 1040 views | | 3 replies (last August 30, 2016)
Post ID: @OP+J8eTApz

Bk tomorrow

Goodnight and good luck

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| 1230 views | | 9 replies (last August 30, 2016)
Post ID: @OP+J7NrbRu

Legal Route

This would possibly be a perfect time for individual students to start filing arbitration cases against ITT. I think the arbitration organization even offers a way to pursue even if you don't have the funds to file the case in terms of your part of... — read more 

VA raises caution flag on ITT, and notifies students

http://www.benefits.va.gov/gibill/news.asp First, VA is actively monitoring this situation and continues to work with ED to assess any further developments regarding ITT and any associated impact on our delivery of GI Bill benefits. Next, we notified... — read more 

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| 710 views | | no replies yet
Post ID: @OP+J7YklI4

ITT TECH LEASES

As of year-end 2015, ITT leased 112 facilities, owned 42, and had leases on six campuses no longer in use that expire by January 2017. It also owns its 43,000-square-foot headquarters building in Carmel, IN. Its facilities range in size from... — read more 

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| 990 views | | 3 replies (last August 29, 2016)
Post ID: @OP+J7pQuoC

Update ???

Does anyone have an update from the calls this afternoon ? All we are hearing is crickets!

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| 1110 views | | 7 replies (last August 30, 2016)
Post ID: @OP+J7JyOt4

Blame Kevin Modany

So many folks assume ITT Tech was corrupt from the bottom up...ignoring the fact that there were many solid performing campuses with staff that truly cared about their students, and did their absolute best under extraordinary circumstances. Please... — read more 

Bankruptcy appears inevitable.

What's next? Will they shut down and send students elsewhere? Will they teach out? Or will someone buy them out? http://mobile.nytimes.com/2016/08/29/business/crackdown-on-for-profit-colleges-may-free-students-and-trap-taxpayers.html

Junior College Curriculum & Course Support verses ITT

I have taught at both ITT and at the local JC. The first time I taught at the JC after teaching at ITT, I was shocked that there was NO Curriculum, NO syllabus, NO quizzes or Final Exam. My first semester teaching at the JC, I was called in to teach... — read more 

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