ITT Tech closing ALL schools nationwide

[klone]

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.

[carolinapooh, BSN, RN]

Followup for any Michigan students that were affected:

Henry Ford Community college is going to go over the transcripts for ITT students and more than likely accept them for transfer into their RN program. I just got back from talking to them, and it looks like I can start classes next Thursday. Significantly cheaper, and they will more than likely jump me into second year, due to being an RPN in Canada. I suggest any student to contact you local colleges and see if they can put you in advanced placement and take your credits for transfer.

I am SINCERELY glad to hear this is going to work out for you. You will be far, far better off with that degree! I truly wish you the best and keep us posted.

[Aromatic]

not everybody should go to college. these schools enroll those people. by those I don't mean like intellectually dysfunctional. more so lack of motivation or unyielding circumstance. ok ok sometimes it's lack of intelligence í ½í¸…

[TheCommuter, BSN, RN]

not everybody should go to college.

I concur...as controversial as this sounds, we all cannot be anything we want to be. Sometimes a lack of raw academic talent is the culprit. In other cases, physical limitations crush the dream (e.g., a tetraplegic will never be drafted into the NFL).

[Rose_Queen, BSN, MSN, RN]

I concur...as controversial as this sounds, we all cannot be anything we want to be. Sometimes a lack of raw academic talent is the culprit. In other cases, physical limitations crush the dream (e.g., a tetraplegic will never be drafted into the NFL).

And if everyone does go to college, who's left to do the jobs that don't require a degree? All those people who did go to college and are now fighting for those same jobs with a lot more people (if they even made it through). And with a boatload of debt to boot.

[carolinapooh, BSN, RN]

And if everyone does go to college, who's left to do the jobs that don't require a degree? All those people who did go to college and are now fighting for those same jobs with a lot more people (if they even made it through). And with a boatload of debt to boot.

I think we're having this problem already. Someone will figure it out when there are no plumbers and HVAC folks and no car mechanics...trades are good and many pay VERY well. I'd be very proud if I had a kid who was skilled in a trade. We NEED these people; they are valuable!!!!

[Not_A_Hat_Person, RN]

Unfortunately, in the not-too-distant past lots of people were considered "not college material" because they were poor and/or nonwhite. You could do very well in the trades if you were related to a union member, or your local was open to nonwhite members (many weren't, and joining the auxilliary did not make you eligible for jobs).

[Buyer beware, BSN]

They are talking to Harrison College to find out how they can run a sucessful for-profit (commercial) school and have a 95% NCLEX pass rate.

I'll tell you how. It's about social Darwinism. If you start with cohort class #1 of 100 students and 4-6 years later only 20 students actually graduate and the majority of them pass the NCLEX, then you have a great passing percentage. The question then is: What the hell happened to the 80% of the starting cohort that didn't make it to graduation?

The problem with many nurses is that even simple math and number evaluation skills are beyond them. This allows many-profits to tout their NCLEX scores in spite of the fact that they are meaningless when not looked at in context with graduation and retention rates. It is in this area where the true strips of the for-profits are revealed as just expensive loan mills that run through students like you know what through a goose.

[Wuzzie]

I think we're having this problem already. Someone will figure it out when there are no plumbers and HVAC folks and no car mechanics...trades are good and many pay VERY well. I'd be very proud if I had a kid who was skilled in a trade. We NEED these people; they are valuable!!!!

This! My brother is a tradesman and he makes a metric butt-ton of money. Way more than I do as a nurse with decades of experience and way more than I could ever hope to. He's been doing it for 5 years!

[Buyer beware, BSN]

Unfortunately, in the not-too-distant past lots of people were considered "not college material" because they were poor and/or nonwhite. You could do very well in the trades if you were related to a union member, or your local was open to nonwhite members (many weren't, and joining the auxilliary did not make you eligible for jobs).

I don't think there are many people of good will that want anyone excluded from becoming a nurse. It's just that the net is replete with horror stories of minorities, vets and atypical older students being targeted and taken to the cleaners by the for-profits. Corinthian and ITT tech being the most recent examples.

There is no question that they act and have acted in a predatory manner to bilk many unprepared students of all races in the faux name of educational democratization. Unfortunately, instead of giving them a leg up, in the majority of the students it leads to debt peonage without a degree that destroys all hope of ever having more than a subsistence existence.

There has got to be a better way and there was in the past when students were seen for the most part as people to be nurtured not taken advantage of by some Wall Street venture capitalists.

[Not_A_Hat_Person, RN]

In related news, the US Dept of Education is revoking its recognition of the Accrediting Council for Independent Colleges and Schools (ACICS), which accredits the vast majority of for-profit schools. The affected schools have 18 months to find new accreditation before their students no longer qualify for federal funds, including student loans and Pell Grants .

The accrediting body responsible for holding a large number of for-profit schools accountable — including the recently shuttered ITT Tech, and the now-bankrupt Corinthian Colleges — received some bad news this week. The U.S. Department of Education has terminated its federal recognition.

The Accrediting Council for Independent Colleges and Schools (ACICS) is the largest accreditor in the U.S. and is itself a non-profit, but many of the schools it provides accreditation to are for-profit institutions.

The ACICS came under increased scrutiny after the collapse of Corinthian Colleges in 2015, with regulators asking how the accreditor missed apparently obvious red flags. If ACICS had pulled CCI's accreditation, it could have stopped billions in federal aid money going to these schools.

[smartnurse1982]

And if everyone does go to college, who's left to do the jobs that don't require a degree? All those people who did go to college and are now fighting for those same jobs with a lot more people (if they even made it through). And with a boatload of debt to boot.

Isn't the same thing happening with nursing with the Bsn push?

[NICU Guy, BSN, RN]

I'll tell you how. It's about social Darwinism. If you start with cohort class #1 of 100 students and 4-6 years later only 20 students actually graduate and the majority of them pass the NCLEX, then you have a great passing percentage. The question then is: What the hell happened to the 80% of the starting cohort that didn't make it to graduation?

The problem with many nurses is that even simple math and number evaluation skills are beyond them. This allows many-profits to tout their NCLEX scores in spite of the fact that they are meaningless when not looked at in context with graduation and retention rates. It is in this area where the true strips of the for-profits are revealed as just expensive loan mills that run through students like you know what through a goose.

I would rather see a school that starts out with 100 and graduates 20 quality graduates than a school that graduates 100 just to get as much tuition money as possible and have those graduates come to this site wondering why they haven't passed NCLEX after 5 attempts.