Thread regarding ITT Educational Services Inc. layoffs

Sept. 4 IndyStar "Amid mounting concerns, ITT-run charter school shut down."

http://www.indystar.com/story/news/education/2016/09/04/amid-mounting-concerns-itt-run-charter-school-shut-down/89713090/

In depth analysis. Worth a read. Be glad state boards can act to protect high school kids at least.

Excerpt

"For-profit groups such as ITT are not allowed to open charter schools in Indiana. But, as ITT did, they can help form a nonprofit board. And that nonprofit board can hire a for-profit management company, such as ITT, to run a charter school as a contractor.

ITT attempted to open Early Career Academy locations across the nation. Experts said ITT likely saw charters as a side venture that would be unencumbered by scrutiny heating up over its higher education business.

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"Many charters are a work in progress," ITT spokeswoman Nicole Elam wrote in an email. "Some fail. Some succeed. ITT/ESI and the local board did not make it work here. We should all accept responsibility."

The lure of an ITT degree was meant to entice students. But the controversies around the for-profit college, ITT officials acknowledge, may have scared them away.

“…That negative press," Elam wrote in an email, "may have had a larger than anticipated impact on demand.”

Early Career Academy went through three executive directors and two almost complete turnovers of its school board in three years.

Early Career Academy would pay 12 percent of its state tuition funding to ITT, according to its charter application. The school also would pay fees for student technology, ITT curriculum and facilities. It would reimburse ITT for employee wages, office supplies, textbooks and other expenses.

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