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Itt Tech

New Student Lawsuit Details ITT Tech Scam

David Halperin | Posted 01.09.2017 | Education
David Halperin

Former students from across the country today filed a blockbuster lawsuit against the collapsed for-profit college giant ITT Tech. The students' compl...

Devastating Reports: ITT Tech Killed Itself

David Halperin | Posted 09.23.2016 | Education
David Halperin

Two new reports -- one from a journalist, the other from an investment research firm -- confirm in stark terms that former ITT Tech CEO Kevin Modany, ...

A Long Time Coming: 5 Reasons Why I Agree With the Closure of ITT Tech

Jessica Rising | Posted 09.22.2016 | Education
Jessica Rising

On Tuesday, September 6th 2016, ITT Technical Institute closed its doors forever. Like the students, faculty and staff alike had no warning from the school beforehand -- we were all planning our Fall quarter like nothing was different -- but somehow it wasn't a surprise.

ITT Tech Goes Out Of Business Following Federal Crackdown

The Huffington Post | Kim Bellware | Posted 09.07.2016 | Business

ITT Educational Services, Inc., a national for-profit college chain, announced on Tuesday that is has gone out of business, less than two weeks after ...

Good Riddance: 6 Facts About The ITT Tech Shut Down

David Halperin | Posted 09.08.2016 | Education
David Halperin

This morning, one of the nation's biggest for-profit colleges, ITT Tech, announced that it has permanently shut down its academic operations and fired the "overwhelming majority" of its more than 8,000 employees.

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

David Halperin | Posted 07.13.2016 | Business
David Halperin

The Department requires letters of credit where it has concerns about a company's capacity to pay refunds and other debts.  ITT's filing yesterday says the Department wrote to ITT on July 6 agreeing to allow ITT to increase its letter of credit on essentially an installment plan.

As APSCU Meeting Opens, Ex-Members Make Big News

David Halperin | Posted 06.06.2016 | Business
David Halperin

The for-profit college trade association APSCU opened its conference today in Orlando, and amid sessions about dealing with increased government scrutiny after APSCU's failed lobbying strategy, there was news about two former APSCU members.

Massachusetts Sues ITT Tech for Misleading and Harassing Students

David Halperin | Posted 04.05.2017 | Business
David Halperin

Last year ITT received $664 million in taxpayer money from federal student grants and loans nationwide, down from a peak of $1.1 billion a few years ago. ITT has some 130 campuses, with some 50,000 students, in 38 states. But ITT has a troubling record.

For-Profit College Recruiter Hides Behind McDonalds Arches

David Halperin | Posted 03.02.2017 | Business
David Halperin

A website displaying McDonalds' famed golden arches and promising jobs at the fast-food empire quickly pushes visitors instead to recruiters at for-profit colleges, including those owned by two of the largest and most troubled companies in this sector.

ITT Tech, Settling Shareholder Suits, Pledges Reforms

David Halperin | Posted 02.05.2017 | Business
David Halperin

Last week, troubled for-profit college company ITT Tech settled a series of lawsuits brought by shareholders that charged ITT with various securities law violations.

ITT Tech Lawsuit Is a Bombshell of Deception

Steve Rhode | Posted 01.25.2016 | Business
Steve Rhode

On January 15, 2016, a case was unsealed and the complaint made public. The case was an inside whistleblower case against ITT Technical Institute.

Blockbuster Lawsuit Claims Abusive Practices Persist at ITT Tech

David Halperin | Posted 01.21.2017 | Education
David Halperin

A federal whistleblower lawsuit against troubled ITT Tech, unsealed last week, reads like a greatest hits of abuses by America's predatory for-profit colleges. The suit alleges that ITT has defrauded taxpayers while systematically deceiving students and violating federal regulations.

CEO of Troubled For-Profit ITT Tech Not Quitting After All

David Halperin | Posted 01.12.2017 | Business
David Halperin

On New Year's Eve, as you were preparing to celebrate with loved ones -- and not looking at news -- lawyers for for-profit ITT Tech were filing papers with the Securities and Exchange Commission

Big For-Profit Colleges Quit Trade Group APSCU

David Halperin | Posted 07.14.2016 | Business
David Halperin

Some of the largest for-profit college companies -- including, last month, DeVry and Kaplan -- have recently left the industry's main trade group. Funded to boost its industry's fortunes, APSCU may instead have contributed to dragging the industry down. Now APSCU itself may be a sinking ship.

Jeb Bush Campaign Adviser Serves on Board of Predatory College ITT

David Halperin | Posted 05.12.2016 | Politics
David Halperin

Vin Weber is much more than a Bush campaign advisor. He's a lobbyist who has pressed his former colleagues in Congress on behalf of clients like AT&T, the pharmaceutical trade association PHRMA, student loan giant Sallie Mae, and student debt collection companies Navient and ECMC.

Websites Promising Jobs and Medicaid Are Instead Bait for For-Profit College Telemarketers

David Halperin | Posted 01.12.2015 | Business
David Halperin

The operations may well be in violation of federal statutes prohibiting deceptive marketing and unwanted telephone sales calls, as well as DOE laws and regulations barring payment of sales commissions to college recruiters. At the very least, they are guilty of using sleazy tactics to sell poor-quality products.

What is the Process to Get ITT Tech Student Loans Forgiven?

Steve Rhode | Posted 11.26.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My husband and I both went to school at ITT Tech, a for-profit college. My husband got a Bachelor's degr...

BREAKING: Federal Consumer Agency Sues For-Profit College ITT Tech

David Halperin | Posted 04.28.2014 | Business
David Halperin

The federal Consumer Financial Protection Bureau this morning filed a civil lawsuit against for-profit college company ITT Educational Services, seeki...

State Attorneys General Open Major Investigations of Big For-Profit Colleges

David Halperin | Posted 03.29.2014 | Business
David Halperin

The predatory for-profit colleges still have plenty of fight in them, and plenty of cash to hire lawyers to try to gut these investigations. But at last there is hope that another generation of students won't be deceived, abused, and abandoned, by the bad actors in the for-profit college industry.

Charged With Protecting Students, Congressman Kline Instead Serves For-Profit Colleges

David Halperin | Posted 01.23.2014 | Business
David Halperin

Representative John Kline, Republican of Minnesota, chairs the House Education and the Workforce Committee. He also is a living symbol of the Republican Party's shameful loyalty to big for-profit colleges.

Our Tax Dollars at Work: The Shame of Proprietary Colleges

Dr. Lawrence M. Schall | Posted 07.29.2012 | College
Dr. Lawrence M. Schall

At a time when government support for our public universities has been slashed and slashed again, state support of private, for-profit colleges continues to grow. What's not wrong with that picture?

Insider's View of For-Profit Colleges, Race, Class and Education Justice

Tressie McMillan Cottom | Posted 03.14.2012 | Business
Tressie McMillan Cottom

Kaplan's assertion that students' fears and pain should be used to motivate them insinuates what many of us suspect to be true of the people who end up at for-profit colleges: they are lazy and stupid. But the students I worked with were not lazy, unmotivated, or stupid.