Thread regarding ITT Educational Services Inc. layoffs

"ITT Tech: We’ll Change Our Recruiting Strategy To Raise Revenues (?)"

From David Halperin:

"Troubled predatory for-profit college ITT Tech said in a filing with the Securities and Exchange Commission last night that in order to raise enough money to cover a new letter of credit requirement imposed by the U.S. Department of Education, 'the Company expects to implement certain modifications to its historical marketing and recruitment strategy.” ITT added that the “specific details of the modifications are being finalized, and are expected to be reported by the Company in future filings with the U.S. Securities and Exchange Commission and other public disclosures as appropriate.'"

http://www.huffingtonpost.com/davidhalperin/itt-tech-well-change-our_b_10962632.html

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| 2081 views | | 14 replies (last July 16, 2016) | Reply
Post ID: @OP+ImRrESt

14 replies (most recent on top)

It is truly sad that ITT is being checked by the Feds and Department of Education while public education still runs amok. I am an adjunct faculty member at ITT and when it comes to academic standards they are one of the highest of all the schools I have worked and still work. Work at a public community college and there are no standards it is a joke.

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Post ID: @3ahh+ImRrESt

@1tnx, well said. At the minimum, ITT -Tech should be forced to shut down bachelor programs. ACICS should step up in August and do just that! Even if 70% of graduates are "employed," the average starting salary is more like 40k. This is fact.

Bachelor degree program is part of ITT-Tech recruiting strategy -- it doesn't matter that legitimate colleges don't accept their credits, because ITT-Tech is taking care of you. Ugh.

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Post ID: @1sbg+ImRrESt

It definitely matters where you went to school if you're trying to land jobs paying $80,000-$100,000 and none of those employers want to hear about ITT Tech and none of them are impressed by a worthless degree and no industry certifications, internships, hands on experience, and lack of experience in general. For the predatory mountain of loans this place saddles people with, most students need to be making $75,000 a year minimum just to service the debt, and even at that income level they will basically dump every cent of gains for over a decade into escaping that debt pile. This place sets people up for failure and only corporate butt f---ing apologists would say otherwise.

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Post ID: @1tnx+ImRrESt

Confirmed layoffs coming tomorrow and Friday.

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Post ID: @1zpb+ImRrESt

@Diesel, your post is straight out of recruiter play book.

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Post ID: @1raj+ImRrESt

"It doesn't matter where you go to school. " Ummmm, not if you plan on being a registered nurse, obviously. Read posting on this board, made a couple minutes ago, on ITT-Tech nursing program in Illinois.

Now read the hundreds of other posts made by countless others, using real facts, about average ITT-Tech outcomes for nursing students.

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Post ID: @1pzc+ImRrESt

My debt was around 29k. It doesn't matter where you go to school. Most of my friends who graduated with a bachelor's from other universities are making far less and with more debt. I think I paid to much, but it's not as bad as others. It's the person the makes the degree and not the degree. Opportunities are everywhere. You're moronic if you blame a degree for not being successful.

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Post ID: @1vuo+ImRrESt

Some students do very well at ITT & are happy & are "ok" with the cost/payment--more power to them. ITT has worked well for many...the issue is for those who are viciously drawn in who are 99% unlikely to get much from it, other than a steady deluge of calls to enroll, come back, give it a try, get ready to learn, now from chairs & staff that don't exist.

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Post ID: @1boq+ImRrESt

@ImRrESt-utz

Ha, sh-- for brains thinks $34 with $100,000 in debt was a good deal. I was white, I doubt you were.

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Post ID: @1sbt+ImRrESt

Who let the trolls out? Blaming faculty, blaming students--Sheesh! And all the while the corporate nincompoops are stuffing their pockets with cash!

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Post ID: @iof+ImRrESt

@ImRrESt-gzr I to graduated from there with a degree in electronics. I bet you left class early, didn't take time to really study and expected everything to be handed to you. Pants probably sag too. Half the people in my class were just like you. You were a sh--ball before going to itt and are still after. Playing the victim card like they were to somehow miraculously change your sh-- personality was going to help. Maybe I was lucky, but I've been working in the field for 7 years now and make $34.28/hour. Perhaps I should blame it because I'm working in SD now, in BFE, and I have too much student loan debt, but hell, I'm a lot better off than without and better than some of my friends who went to a state school. I hate my student loan payment but would probably be the same if I went anywhere else.

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Post ID: @utz+ImRrESt

Look in the mirror guys, all of you clowns enabled this place to survive this long. They are a parasite, a tax dollar s---ing parasite that gives nothing in return to the community. Going to ITT Tech was the worst mistake of my life. I worked my assoff to get a few certs and high grades but thanks to their total lack of industry required certs that cost a few thousand, most of their graduates will never ever find a job in the field and be bankrupt within 6 months of graduation. Thanks to corrupt government the debt can't be shed and tens of thousands of people who trusted you are now dead, homeless, or trapped in a wall of poverty for life. If there is a hell you guys belong there for the damage and fraud you allowed to happen. Losing your job, boo hoo - I'm probably going to be dead in 3 months because of going to ITT and how rotten your reputation is in the job market.

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Post ID: @gzr+ImRrESt

For recruiters, this is a new blow. For faculty, business as usual.

Faculty have been getting dumped on for years, as way to cut costs. And we all said same thing as you recruiters -- this model doesn't work -- to deaf ears.

Give it up and find another job

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Post ID: @vwp+ImRrESt

It's coming this week. They are laying off 90% of admissions because of department of Ed and needing to cover that giant bill. Their call center is go make all appointments and the couple reps left to cover them.

When will they learn. We did that model before and it failed miserably. Is this really a cut to raise cash or a short cut to their grave?

Best of luck to you guys.

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Post ID: @zwr+ImRrESt

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