Published Sep 6, 2016
klone, MSN, RN
14,856 Posts
ITT Tech shutting down all campuses nationwide
In late August, the U.S. Department of Education barred ITT (ESI) from enrolling new students who depend on federal aid and required the company to warn current students that its accreditation is in jeopardy. ITT also was told that it must increase its reserves from $94.4 million to $247.3 million, or 40% of federal student aid the company received in 2015.The financial blow was too much for Carmel-based ITT to bear, so the decision was made to shutter operations, a move that will impact thousands of students and employees.
The financial blow was too much for Carmel-based ITT to bear, so the decision was made to shutter operations, a move that will impact thousands of students and employees.
Shauntil07, LVN
669 Posts
stepbystep12, BSN, DNP
137 Posts
This is so sad. So many students left lost. Wish them all a way out. Hope this does not stop them from going for their goals.
meanmaryjean, DNP, RN
7,899 Posts
Local TV station posted a pic of their completely empty offices. As in not so much as a picture on a cubicle wall. As I've mentioned elsewhere, I know a nursing instructor who has basically ruined her career in academia by associating with these clowns. So many people on the front lines were trying to do the right thing. And the students......well that's the saddest part of all.
Lesson to be learned? Those of us who have successfully navigated higher education need to mentor those who 'don't know what they don't know'. I remember being the first in my family to go to college. A favorite uncle pointed me in the right direction and helped me navigate- something my parents were not equipped to do.
NurseGirl525, ASN, RN
3,663 Posts
It's the best news I have heard all day. No more scamming people for thousands upon thousands of dollars for a subpar education.
llg, PhD, RN
13,469 Posts
It's not surprising. Anyone following the story has seen it coming for many months. It's a shame that so many students don't know enough about higher education to be aware of these things. I wish them all well in finding ways to graduate efficiently.
For anyone reading this attending ITT, be sure to stay on top of all the news about your options. The expectation is that you educational loans may be forgiven ... but that's not a sure thing yet -- and I am sure you will have to do the proper paperwork if loan dismissal is a possibility.
elkpark
14,633 Posts
If you currently attend here or were interested in this school, make other arrangements to attend another school. I hope this helps!!!
Easier said than done -- typically, ITT nursing students are people who weren't eligible for legitimate nursing programs. No one but other for-profit low quality "schools" is likely to willing to take them, and the credits they've completed at ITT Tech are unlikely to transfer to any legitimate school.
Well the Dept of Education is looking into getting them into other nursing schools who will accept them. Hopefully they will be good schools who have a reputable educations, whether for-profit or state funded.
Buyer beware, BSN
1,139 Posts
Local TV station posted a pic of their completely empty offices. As in not so much as a picture on a cubicle wall. As I've mentioned elsewhere, I know a nursing instructor who has basically ruined her career in academia by associating with these clowns. So many people on the front lines were trying to do the right thing. And the students......well that's the saddest part of all. Lesson to be learned? Those of us who have successfully navigated higher education need to mentor those who 'don't know what they don't know'. I remember being the first in my family to go to college. A favorite uncle pointed me in the right direction and helped me navigate- something my parents were not equipped to do.
Amen to that.
A lot of us went to school when there seemed to be more of a concern for the student and the quality of education they received which was more often than not guided by principals of ethics and morality and what was ultimately best for the students.
I'm often reminded of the old movie "Goodbye Mr. Chips" that depicted a school teacher and his charges who developed a love and concern for one another that transcended today's for-profit notion that all students are a commodity to be exploited to fill the coffers of a venture capitalist and those that demand profits by hook or by crook.
The for-profit scheme has made a mockery of what was once, although never perfect, an educational system that had room for benevolece, empathy and caring by putting the best interests of students before the rapacious concerns of the marketplace.
NRSKarenRN, BSN, RN
10 Articles; 18,928 Posts
Philadelphia Inquirer report
1
1000s laid off: ITT shuts schools after U.S. aid cut
TT Technical Institute of Carmel, Ind., and its locations including Center City, Marlton, Levittown, and Plymouth Meeting in the Philadelphia area, have closed, idling most of its 8,000 staff and sending more than 30,000 students home, after the U.S. Department of Education stopped giving its new students financial aid.... ....In its statement, the Department of Education says it might decide to forgive ("discharge") loans for students still attending ITT when it closed.
TT Technical Institute of Carmel, Ind., and its locations including Center City, Marlton, Levittown, and Plymouth Meeting in the Philadelphia area, have closed, idling most of its 8,000 staff and sending more than 30,000 students home, after the U.S. Department of Education stopped giving its new students financial aid....
....In its statement, the Department of Education says it might decide to forgive ("discharge") loans for students still attending ITT when it closed.
They can look all they want, ITT was not regionally accredited. That is the problem. That's where personal responsibility comes into play. People have to research the school they are attending.
A) The number of students a nursing program can accommodate is set/capped by the state BON, based on a determination of how many faculty the school has, what kind of clinical sites and lab facilities they have and how many students they can reasonably accommodate in those settings. Most schools of nursing are operating at their capacity to begin with and have already accepted their incoming Fall classes; most of them have no ability to suddenly decide to accept any significant number of new students.
B) As already noted, many of the students in ITT nursing programs are there precisely because they were not competitive applicants for other, more legitimate and respectable, programs. Are you suggesting that schools should relax their admission standards and accept students that they would not ordinarily consider qualified candidates just because the students are getting shafted by ITT?
I don't wish the ITT students any ill, but I'm not optimistic about their chances of getting bailed out by other schools.