ITT Technical Institute
Motto | Education for the Future |
---|---|
Type | Private for-profit technical institute |
Active | 1969 | –2016
Chairman | Darvey W. Hayes |
President | Eugene W. Feichtner[1] |
Students | 40,015[2] |
Location | , , |
Campus locations | Approximately 130 campuses |
Affiliations | ITT Educational Services, Inc. (1994–2016) ITT Corporation (1965–1994) |
Website | itt-tech |
ITT Technical Institute (ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016.[3]
The institute was owned and operated by ITT Educational Services, Inc. (Expert Market: ESINQ), a publicly traded company headquartered in Carmel.[3][4] The company also owned and operated the Breckinridge School of Nursing and Health Sciences schools.[3][5]
In 1999, two former ITT employees brought forth a law suit alleging the school used illegal recruitment practices, saying the school was "abusing that system for years and ripping off the government for billions of dollars." In 2004, the Justice Department initiated a criminal investigation into ITT colleges in eight states.[6]
Following state and federal investigations, the United States Department of Education prevented students from using federally guaranteed student loans at ITT Tech locations in August 2016. All ITT Tech campuses were closed the following month and ITT Tech filed for bankruptcy.[7]
In 2018, ITT Tech's court-appointed bankruptcy trustee sued the United States Department of Education and lenders to repay $1.5 billion in claims against ITT alleging that regulators took advantage of low-income students and neglected their oversight duties.[8] Three years later, the US Department of Education allocated $1.1 billion in relief to an additional 115,000 former ITT Tech students.[9]
History
[edit]Formerly | Educational Services, Inc. (1946-1965) |
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Company type | Public |
NYSE: ESI (1994-2016) Expert Market: ESINQ (2016-2019) | |
Founded | 1946 |
Defunct | September 6, 2016 |
Fate | Bankruptcy |
Headquarters | Carmel, Indiana |
Key people | Kevin Modany (President, CEO, COO, Director) |
Parent | ITT Corporation (1965-1999) |
In 1946, ITT Tech was established as Educational Services, Inc.[10] From 1965 until its IPO in 1994, ITT Tech was a wholly owned subsidiary of the ITT Corporation (as "ITT/ESI").[11] During its years in operation, it was based in Carmel, Indiana.[12] By 1986, all its institutions had become known by the common name "ITT Technical Institute."[citation needed] By 1999, ITT Corporation had divested itself completely of ITT Tech's shares. The schools were allowed to continue using the "ITT" name under license.[13]
In the mid-2000s, CEO Rene Champagne cashed out more than $50 million in stock,[14] before stepping down from the position in 2007.[15] Kevin Modany was appointed as CEO, while maintaining all of the positions (president, COO, and director) he had held from early June 2002.[16]
It acquired the financially struggling Daniel Webster College (DWC) in Nashua, New Hampshire[17] in June 2009 for $29.3 million.[18][19][20] The nonprofit college converted into a for-profit institution.[21] In 2013, ESI began operating public charter schools in three cities: Indianapolis, Tempe, and Troy, Michigan.[22] In charter documents, the company referred to potential students as "educational have-nots."[23]
ITT Technical Institute charged among the highest tuition fees in the industry - between $45,000 to $85,000 in 2014 - and had the industry's highest rate of loans that went into default within two years of attendance.[24][25]
In 2016, Chinese investors Zhifeng Zhang and Yude Zhang became ESI insiders, purchasing more than 3,000,000 shares of ITT Educational Services stock.[26] In July 2016, ESI reported that enrollment was projected to drop by 30% to 40% from 2015 to 2016.[2] In August 2016, the U.S. Department of Education barred the company from enrolling new students who use government loans. On the 30th of the same month, ITT Technical Institute stopped accepting applications for new enrollment.[27][28] At that time, ITT Tech said that existing students could still finish their studies. ITT Tech also said that they would continue to operate until the last of its enrolled students either graduate or drop out.[28] However, on September 6, 2016, ITT Technical Institute announced that it was shutting down all of its campuses, effective immediately.[29]
At the time of its system-wide closure on September 6, 2016, the school had more than 130 ITT Technical Institute campuses across the United States,[30] with more than 40,000 students and 8,000 employees.[31] ITT Educational Services filed for Chapter 7 bankruptcy liquidation on September 16, 2016.[7]
As for DWC, Southern New Hampshire University (SNHU), a nonprofit college in Manchester, New Hampshire, hired most of the college's faculty and staff. This arrangement allowed the 2016–17 academic year to proceed as usual. DWC's aviation and engineering programs were effectively transferred into SNHU, which had offered to buy the Nashua campus.[32][33] However, its bid got rejected, and SNHU instead opted to build a new on-campus science and engineering building.[34][35]
Student loan debt and debt relief
[edit]In 2014, Time magazine ranked ITT Technical Institute No. 2 on its list of "The 5 Colleges That Leave the Most Students Crippled By Debt".[36] Among ITT Tech graduates with loans due in 2011, 22% had defaulted by 2014. This statistic compares with a default rate of about 13.7% for student loans generally. According to the Time magazine report, ITT Tech's default rate ranked second. The for-profit University of Phoenix had a lower default rate by percentage (19% at Phoenix versus ITT Tech's 22%). However, the total number of students in default from Phoenix was much higher (45,123 Phoenix students versus 11,260 ITT Tech students).[36]
According to the College Scorecard, as of March 2016[update], 39% of ITT Tech graduates were paying off their debt, compared to the national average of 66% among all U.S. schools.[37] This percentage represented the number of graduates able to repay at least $1 in student loan debt in the three years after their graduation.[37]
In 2018, a settlement to a class-action lawsuit was tentatively reached to wipe out student loans for attendees from 2006 to 2016.[38] Students who attended ITT Tech may be able to have their debt forgiven by applying to the United States Department of Education for borrower defense to repayment.[39] However, Secretary of Education Betsy DeVos announced on July 25, 2018, that the borrower defense rule would be rewritten and replaced with a stricter repayment policy starting July 1, 2019.[40][41] On December 13, 2018, a US federal court ruled that the department's decision to do this was "arbitrary and capricious." The court sided with plaintiffs in invalidating the stay put in place by the Department of Education. There will be an additional hearing on December 14, 2018, to "address remedies."[42][43][44]
In June 2019, Student CU Connect CUSO, a private lender for ITT Tech, settled with the Consumer Financial Protection Bureau and 44 states and the District of Columbia. The settlement called for CUSO to forgive a reported $168 million in private student loans. CUSO agreed to stop collecting on, and discharge, all of the loans.[45]
Academics
[edit]The school characterized ITT Tech students as "older and balancing family obligations with underemployment."[46] The company's web site stated: "The programs employ traditional, applied and adult-learning pedagogies and are delivered through traditional, accelerated and distance methodologies in a learner-centered environment of mutual respect."[47]
ITT Tech offered associate, bachelor's, and master's (business-only, online) degrees. The commonwealth of Pennsylvania was the only state which forbade ITT Tech to offer master's degrees. As of December 31, 2015[update], the ITT Technical Institutes were offering 49 education programs in various fields of study.[3]
At the vast majority of campuses, ITT Tech organized the academic schedules based on four 12-week academic quarters in a calendar year, with new students beginning at the start of each academic quarter. Using that calendar, students taking a full course load could complete associate degree programs in seven or eight academic quarters, bachelor's degree programs in 14 or 15 academic quarters, or a master's degree program in seventeen academic quarters.[3]
Depending on student enrollment, class sessions at ITT Technical Institute campuses were generally available during the day and evening. The courses for education programs taught online were delivered through an asynchronous learning network and had a prescribed schedule for completion of the coursework. At the vast majority of ITT Technical Institute campuses, the class schedule for education program residence courses and the coursework completion schedule for online courses generally provided students with the flexibility to maintain employment concurrently with their studies. Student surveys indicated that a majority of ITT Technical Institute students worked at least part-time during their programs. A significant portion of classes involved practical study in a lab environment.[3]
Accreditation
[edit]ITT Tech was nationally accredited by the Accrediting Council for Independent Colleges and Schools (ACICS). According to ITT Educational Services' annual report for the fiscal year 2015, 31 campuses and more than 400 programs were not meeting ACICS standards for student retention.[3] Per the ITT Tech web site, "it is unlikely that any credits earned at an ITT Technical Institute will be transferable to or accepted by any institution other than an ITT Technical Institute."[47] In April 2016, ACICS issued the company a "show cause" order to request information establishing why the accreditor should continue to accredit the institution. This order was in response to its programs being non-compliant with specific standards.[48]
Rankings
[edit]In 2015, financial news site TheStreet.com ranked ITT Technical Institute-Seattle on a list of "10 Best U.S. Two-Year Colleges That Actually Pay Off."[49] According to TheStreet.com, ITT's Seattle campus ranked fourth in terms of alumni reporting rewarding careers, only after its sister ITT Technical Institute schools in San Antonio, West Houston, and San Diego.[49]
Legal issues
[edit]In September 1998, ITT Tech agreed to settle eight legal proceedings involving 40 former students arising out of their recruitment and education practices at ITT Tech campuses. The settlements cost $12.9 million, which included legal fees.[50]
In Daniel Graves filed a whistleblower lawsuit against ITT Tech after a short stint working for the company, alleging compensation for some ITT staff violated the Higher Education Act of 1965 by incentivizing recruiters based on the number of students they enrolled with the school. The case alleged a culture of corruption at ITT,[51] and was litigated for about 17 years until ITT prevailed when the US Supreme Court refused to hear an appeal of earlier rulings that the case was dismissed for failure state a claim.
In 2004, federal agents served search warrants at the company's headquarters and ten of its campuses in Indiana, Texas, Virginia, Florida, Louisiana, Nevada, California, and Oregon, seeking various student records. No civil or criminal charges were made at this time.[52] The investigation negatively affected the company's stock and triggered several class-action lawsuits by investors.[53][54] The same year, the Office of the Attorney General for the State of California (CAG) investigated ITT Technical Institutes in California. The CAG's investigation was in response to qui tam actions filed against the company under either state, federal, or both False Claims Acts. (Qui tam actions are writs through which private individuals who assist a prosecution can receive part or all of the damages or financial penalties recovered by the government as a result of the prosecution). The probe alleged that ITT Tech falsified records relating to student attendance, grades, and academic progress. It also said that ITT Tech falsified student grade point average calculations used to qualify students for financial aid under the State's Cal Grant Program and retaliated against employees who may have complained about those alleged acts.[55] Omer Waddles, ESI's CEO, and a former counsel for Edward Kennedy, also resigned.[56][57]
In October 2005, ITT agreed to pay $730,000 to settle a lawsuit with California. The involved employees alleged that it inflated students' grade point averages to qualify them for more financial aid from the State of California.[58]
A February 2011 investigative report by WTMJ-TV in Milwaukee found evidence of widespread grade inflation at the school's Milwaukee area location in Greenfield. In one instance a student received a score of 100% on a computer forensics assignment by emailing the professor a noodle recipe. The station's reporters believed tactics such as these increased federal student aid funding.[59]
In 2013, a complaint was filed against ESI and two ESI executive officers in U.S. District Court for the Southern District of New York regarding securities. The Massachusetts Laborers' Annuity Fund filed a similar complaint and the cases were consolidated. The Plumbers and Pipefitters National Pension Fund and Metropolitan Water Reclamation District Retirement Fund were the lead plaintiffs.[60] Students continue to allege that private loans with JP Morgan Chase and other banks are predatory loans.[61] In 2013 USA Today listed more than 50 ITT campuses as "red flag" schools because their student loan default rates were higher than their graduation rates.[62]
On February 26, 2014, the Consumer Financial Protection Bureau (CFPB) sued ITT. The CFPB alleged ITT used high-pressure tactics to coerce students into obtaining high-interest private loans that were likely to end in default.[61][63] ESI is also being investigated by at least a dozen state attorneys general for allegations of fraud and deceptive marketing.[60][64][65] According to a July 2014 Senate Health, Education, Labor, and Pensions (HELP) committee report, 57% of ITT programs would fail the Department of Education's proposed Gainful Employment rule.[66]
On October 19, 2015, the US Department of Education announced that because of the company's failure "to meet its fiduciary obligations" it was placed under additional scrutiny.[67]
In a 2015 federal whistleblower lawsuit, former ITT employee Rodney Lipscomb alleged the company used coercive tactics to enroll students who were unlikely to pass classes at the school; unlawfully paid sales commissions to recruiters; and lied to students about their financial obligations and transferability of ITT credits to other schools and career prospects.[68] The same year, The California Department of Veterans Affairs (CalVet) temporarily ordered ITT Tech to stop enrolling new or returning students who fund their educations with GI Bill benefits.[69] In 2015, the Securities and Exchange Commission also announced fraud charges against ITT Educational Services Inc., its chief executive officer Kevin Modany, and its chief financial officer Daniel Fitzpatrick.[70]
In 2016, Massachusetts Attorney General Maura Healey sued ITT Educational Services for allegedly "misleading and harassing students."[71][72] Breckinridge nurses also sued ITT Education for fraud.[73] Between 2004 and 2014, several states issued subpoenas or Civil Investigative Demands against ITT Tech under the authority of their consumer protection statutes: Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Hawaii, Idaho, Iowa, Kentucky, Maryland, Massachusetts, Minnesota, Missouri, Nebraska, North Carolina, Oregon, Pennsylvania, Tennessee and Washington.[74]
On August 25, 2016, the U.S. Department of Education banned ITT Tech from enrolling students who receive federal aid. The department also doubled the surety funds that ITT Tech was required to have, and to produce those funds within 30 days. ITT stock soon dropped by 35% which triggered a halt in trading and raised concerns about whether ITT Educational would be able to survive this latest decision.[75]
On September 6, 2016, ITT Tech ceased operations and closed all of its locations, issuing a statement that attributed the closing to the Department of Education's actions.[29]
In 2022, ITT Technical Institute was one of 153 institutions included in student loan cancellation due to alleged fraud. The class action was brought by a group of more than 200,000 student borrowers, assisted by the Project on Predatory Student Lending, part of the Legal Services Center of Harvard Law School. A settlement was approved in August 2022, stating that the schools on the list were included "substantial misconduct by the listed schools, whether credibly alleged or in some instances proven."[76][77] In April 2023, the Supreme Court rejected a challenge to the settlement and allowed to proceed the debt cancellation due to alleged fraud.[78]
Notable alumni
[edit]- Curt Cobb, former member of the Tennessee House of Representatives
- Jon Hensley, radio personality and talent manager
- Yvette Herrell, United States Representative for New Mexico's 2nd congressional district
- David Joyner, actor known for Barney & Friends[79]
- Omar Navarro, perennial candidate and convicted felon
- Ricardo Raschini, Brazilian bobsledder who competed in the 2002 and 2006 Winter Olympics[80]
- DJ Tab, hip hop DJ, record producer, and entrepreneur[81]
See also
[edit]References
[edit]- ^ "Management & Directors". Archived from the original on 2016-11-14. Retrieved 2017-05-23.
- ^ a b "ITT Educational Services, Inc. Reports 2016 Second Quarter Results". Archived from the original on 2017-02-14. Retrieved 2017-01-15.
- ^ a b c d e f g "Form 10-K Annual Report - For the fiscal year ended December 31, 2015". U.S. Securities and Exchange Commission. March 15, 2016.
- ^ "FAQ [permanent dead link]." ITT Technical Institute. Retrieved on November 23, 2011. "Our principal executive offices are located at: ITT Educational Services, Inc. 13000 North Meridian Street, Carmel, Indiana 46032"
- ^ "Breckinridge School of Nursing and Health Sciences @ ITT Technical Institute".
- ^ Morgenson, Gretchen (October 21, 2016). "A Whistle Was Blown on ITT; 17 Years Later, It Collapsed". The New York Times. Archived from the original on April 4, 2023. Retrieved April 12, 2024.
- ^ a b "ITT Educational Services, Inc., et al". Retrieved October 31, 2016.
- ^ "ITT trustee sues Ed Department, lenders to help pay $1.5B in claims". Education Dive.
- ^ "Extended Closed School Discharge Will Provide 115K Borrowers from ITT Technical Institute More Than $1.1B in Loan Forgiveness". www.ed.gov. US Department of Education. Retrieved 9 September 2021.
- ^ Friederichsen, Paul (September 8, 2016). "ITT Tech Institute's TV ads were brand-building at its best". NY Daily News.
- ^ "The Death of For Profit Colleges". Daily Kos.
- ^ "A look inside ITT Tech's closed Carmel headquarters". Indianapolis Star.
- ^ "FAQ". ITT Educational Services, Inc. - Investor Relations. Archived from the original on 2018-01-11. Retrieved 2018-01-10.
- ^ "Insider Trading Activities at Itt Educational Services Inc (ESI), Part 2". www.insider-monitor.com.
- ^ "ITT Educational announces that Rene Champagne, Chairman and Chief Executive Officer, will step down". Reuters. June 24, 2007.
- ^ "ITT Educational Services, Inc. Appoints Kevin M. Modany As President and Chief Operating Officer". PR Newswire. April 26, 2005.
- ^ Blumenstyk, Goldie (April 23, 2009). "Parent of ITT Technical Institutes Buys Nonprofit Daniel Webster College". The Chronicle of Higher Education. Retrieved June 17, 2009.
- ^ "N.H. College: Without sale, accreditation would go". SeacoastOnline.com. May 4, 2009. Archived from the original on January 6, 2014. Retrieved August 17, 2017.
- ^ "A-level results: grade inflation is just a cruel confidence trick". Telegraph. 2009-08-20.
- ^ Jan, Tracy (July 3, 2009). "Financial Pressure Forces Reinvention at Small Colleges". Boston Globe.
- ^ "Daniel Webster College President Fired". Aero News Network. August 7, 2009. Retrieved September 17, 2016.
- ^ Kamenetz, Anya (December 14, 2014). "A For-Profit College Tries The Charter School Market". NPR. Retrieved 2016-09-06.
- ^ "The Early Career Academy Charter School: Application".Early Career Academy, Inc. March 15, 2013. "Each of the 147 ITT Tech campus' student population represents the communities in which they reside, and we believe this will be observed with The Early Career Academy. Based on the 2012, data the average age of the ITT Tech student is 28 years old and one in five has an average of 26.9 hours of transfer credit; and 68 percent take advantage of Pell grant. This tells us they that many of these students have tried other postsecondary institutions and for some reason it did not work for them. It also tells us that they do not have substantial means. Many are the first in their extended family to graduate from college. Many of these students have lost a decade of productive work in a career and consequently have not entered the middle class. They are part of the educational have-nots and are at ITT Tech to reverse course. We believe that we will attract these same types of students a decade earlier allowing them to forego the lost decade. The Early Career Academy will eliminate the lost decade, providing entrance into the middle class, the American Dream and a career of which they can be proud."
- ^ "2014/2015 Total Cost of Attendance Table" (PDF). ITT Educational Services, Inc. Archived from the original (PDF) on 2013-10-21. Retrieved 2013-08-22.
- ^ Bill Alpert (April 14, 2012). "Clever Is as Clever Does". barrons.com.
- ^ "Form 4 ITT EDUCATIONAL SERVICES For: Jul 18 Filed by: Zhang Zhifeng". ITT Educational Services Inc. StreetInsider.com. July 18, 2016.
- ^ Briggs, James (August 29, 2016). "ITT Tech ceases all student enrollment". IndyStar.com. The Indianapolis Star. Retrieved September 6, 2016.
- ^ a b Nunez, Michael (August 30, 2016). "Rest In Peace ITT Tech, You Bastards". Gizmodo.com. Retrieved 2016-09-06.
- ^ a b "ITT Technical Institute Closes All Campuses". WJZ-TV. September 6, 2016. Retrieved September 6, 2016.
- ^ "Our Campuses". ITT Technical Institute. Archived from the original on April 22, 2016.
- ^ Smith, Ashley A. (September 7, 2016). "The End for ITT Tech". Inside Higher Ed.
- ^ Hayward, Mark (September 13, 2016). "SNHU to 'rescue' Daniel Webster College". New Hampshire Union Leader. Archived from the original on January 14, 2017. Retrieved September 13, 2016.
- ^ Houghton, Kimberly (September 19, 2016). "SNHU offers to buy Daniel Webster College campus". New Hampshire Union Leader. Archived from the original on August 31, 2017. Retrieved August 17, 2017.
- ^ Carley, Shane (January 17, 2017). "SNHU Welcomes Daniel Webster Students (and Programs) to Campus". Southern New Hampshire University. Retrieved February 15, 2017.
- ^ Swanson, Cassidy (July 30, 2017). "SNHU will not buy former Daniel Webster College campus, university rep says". Retrieved July 31, 2017.
- ^ a b Clark, Kim (September 24, 2014). "The 5 Colleges That Leave the Most Students Crippled By Debt". Money.com. Archived from the original on May 18, 2021. Retrieved September 6, 2016.
- ^ a b "ITT Technical Institute". College Scorecard Data. United States Department of Education.
- ^ Fernandes, Deirdre. "Plan to bring relief to ITT students gets preliminary OK". Boston Globe.
- ^ "Important Information Regarding ITT Educational Services, Inc. | Federal Student Aid". Archived from the original on 2016-09-06.
- ^ Kroll, Andy (25 July 2018). "Betsy DeVos' New Proposal Aligns Her With For-Profit Colleges Over Debt-Saddled Students". Rolling Stone.
- ^ Cooper, Preston (August 2, 2018). "Borrower Defense: Trump Administration Sullies Otherwise Sensible Reforms". Forbes.
- ^ https://www.mass.gov/files/documents/2018/09/12/borrower_defense_summary_judgement.pdf [bare URL PDF]
- ^ Danilova, Maria (13 September 2018). "Federal court rules against Betsy DeVos in student loan lawsuit over for-profit colleges fraud cases". Chicago Tribune.
- ^ Smith, Kelly Anne. "Federal Court Grants Relief For ITT Tech Students". Bankrate. Retrieved 2019-05-21.
- ^ Hayashi, Yuka (14 June 2019). "Students of Defunct ITT Tech to Receive $168 Million in Loan Forgiveness". Wall Street Journal.
- ^ "ITT Technical Institute Freezes Tuition for Sixth Straight Year" (Press release). ITT Educational Services.
- ^ a b "ITT Technical Institute". ITT Technical Institute. Archived from the original on 2005-10-25.
- ^ "Under Scrutiny Itself, For-Profit Accreditor Gets Tough With ITT Tech". Inside Higher Ed. April 22, 2016.
- ^ a b McClay, Rebecca (October 31, 2015). "10 Best U.S. Two-Year Colleges That Actually Pay Off". Retrieved July 7, 2016.
- ^ "Final Prospectus - Filed Pursuant To Rule 424(b)(4)". U.S. Securities and Exchange Commission. January 27, 1999.
- ^ Morgenson, Gretchen (21 October 2016). "A Whistle Was Blown on ITT; 17 Years Later, It Collapsed". The New York Times. Retrieved 25 July 2022.
- ^ "Feds serve warrants at ITT Tech campuses". February 26, 2004. Archived from the original on February 6, 2006.
- ^ "MCPmag.com – Microsoft Certified Professional Magazine Online". certcities.com.
- ^ Mark Jewell (February 26, 2004). "ITT's CEO Expects Lengthy Federal Investigation, Stock Slips". Channel Web Network. Archived from the original on March 22, 2009.
- ^ "Amendment No. 1 to the Form 10-K". www.sec.gov.
- ^ "News Releases". ITT Educational Services, Inc. - Investor Relations. Archived from the original on 2016-10-09. Retrieved 2016-10-06.
- ^ "ITT Educational Services, Inc. Announces That Omer Waddles Joins Management Team as Executive Vice". Archived from the original on 2016-10-09.
- ^ "ITT, Calif. Settle False Claims Lawsuit". insidehighered.com.
- ^ Diamant, Aaron. "I-Team: Easy A's". WGBA-TV. Archived from the original on February 18, 2011. Retrieved November 2, 2014.
- ^ a b "Form 10-Q Quarterly Report - For the quarterly period ended June 30, 2014". U.S. Securities and Exchange Commission. November 19, 2014.
- ^ a b "CFPB Sues For-Profit College Chain ITT For Predatory Lending". Consumer Financial Protection Bureau. 26 February 2014.
- ^ Mary Beth Marklein, Jodi Upton and Sandhya Kambhampati, USA TODAY (July 2, 2013). "College default rates higher than grad rates". USA TODAY.
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ Lopez, Ricardo (26 February 2014). "Regulator accuses ITT for-profit college chain of predatory lending". Los Angeles Times. Retrieved February 27, 2014.
- ^ "State Attorneys General Open Major Investigations of Big For-Profit Colleges". The Huffington Post. 27 January 2014.
- ^ Stephanie Armour; Alan Zibel (January 13, 2014). "CFPB, State Attorneys General Expand For-Profit College Probe – WSJ". WSJ.
- ^ "ITT Summary: 2012 U.S. Senate Committee Finding + 2015 Update" (PDF). SquareSpace.
- ^ Nick DeSantis and Goldie Blumenstyk, "U.S. Tightens Restrictions on ITT's Access to Federal Student Aid", Chronicle of Higher Education, October 20, 2015 [1] Accessed Oct 21, 2015
- ^ David Halperin (January 21, 2016). "Blockbuster Lawsuit Claims Abusive Practices Persist at ITT Tech". Huffington Post.
- ^ "California Suspends ITT Tech GI Bill Eligibility". Military.com. May 18, 2015.
- ^ "SEC Announces Fraud Charges Against ITT Educational Services". U.S. Securities And Exchange Commission. May 12, 2015.
- ^ David Halperon (April 4, 2016). "Massachusetts Sues ITT Tech for Misleading and Harassing Students". Huffington Post.
- ^ Bamzi Banchiri (April 5, 2016). "Massachusetts sues ITT Tech, alleging predatory practices". The Christian Science Monitor.
- ^ Kevin Lessmiller (April 8, 2016). "Students Say ITT Recruiters Misled Them". Courthouse News Service. Archived from the original on April 17, 2016.
- ^ "Government Investigations and Lawsuits Involving For-Profit Schools (2004 – May 2014)" (PDF). National Consumer Law Center. Archived from the original (PDF) on 2017-02-09. Retrieved 2016-04-02.
- ^ "Feds ban ITT Educational from enrolling students on federal aid (2016 – Aug 2016)". Indianapolis Business Journal. Archived from the original on 2016-08-26. Retrieved 2016-08-25.
- ^ "Government's Consolidated Opposition to Motions to Intervene" (PDF). Retrieved 2023-04-15.
- ^ Turner, Cory; Carrillo, Sequoia; Salhotra, Pooja (2022-08-05). "200k student borrowers are closer to getting their loans erased after judge's ruling". National Public Radio. Retrieved 2023-04-15.
- ^ Hurley, Lawrence (2023-04-13). "Supreme Court allows $6 billion student loan debt settlement". NBC News. Retrieved 2023-04-15.
- ^ "The Guy Who Played Barney the Dinosaur Now Runs a Tantric Sex Business". www.vice.com. 23 January 2018. Retrieved 2020-11-06.
- ^ "Brazilian Bobsledders Try Out Ticketless Travel | SWX Right Now - Sports for Spokane, CdA, Tri-Cities, WA". www.swxrightnow.com. Retrieved 2020-11-06.
- ^ "DJ Tab – Passion is Pursuit Conference". Archived from the original on 2020-09-29. Retrieved 2020-11-06.
External links
[edit]- 1946 establishments in Indiana
- 2016 disestablishments in Indiana
- Carmel, Indiana
- Defunct companies based in Indiana
- Education companies established in 1946
- Companies formerly listed on the New York Stock Exchange
- Companies that filed for Chapter 7 bankruptcy in 2016
- Companies that have filed for Chapter 7 bankruptcy
- Universities and colleges established in 1946
- Former for-profit universities and colleges in the United States
- Educational institutions disestablished in 2016
- ITT Inc.
- Vocational education in the United States
- American companies disestablished in 2016
- Defunct education companies of the United States
- Education fraud in the United States