It looks like it's only a matter of time before ITT Tech goes the same way as Corinthian Colleges and the Art Institutes......................https://www.linkedin.com/pulse/itt-techesi-faces-monumental-troubles-dahn-shaulis?trk=mp-author-card
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The sooner they close this thing the better for all taxpayers.
My son went to one of their programs and, for placement they developed a website for the students to go on and look for jobs. The jobs on that site were for people with 10 to 15 years of experience in the field he studied for. This school is a complete fiasco.
Since I know you track their stock mess, I have to laugh at all the stupid polllyannas and their total lack of any grasp of math. Supposing this POS company does file all the paperwork, their enrollments are in the dirt and it is now commonly known how much debt and how terrible they do at job placement. My personal experience was having to call their 'career services' people a dozen times to get emailed stale month old dice.com listings that weren't even in my field and I wasn't qualified for. The days of saddling people with $100,000 or more of student loans and then looking the other way once they graduate are over. Taxpayers are starting to demand accountability, and there is no way possible that this company can still operate as a school without slashing costs and profits to the bone. I personally hope they do tank directly because of fraud, makes things so much easier if/when the defense to repayment is on the table. Two different government agencies have already accused this place of fraud and high pressure tactics designed to intentionally hurt students in the long run, I don't think even Corinthian students had that going for them.
The closing of this fraud is now inevitable. The only thing left is to get the ITT executive crooks in jail. These people have been in power since the mid 2000's and the only thing they achieve is increasing their bank accounts. These crooks they don't give a s*** about any student or employee. Jail time will be a good retribution for all students and employees they messed up.