But Trump has claimed he will fight against waste, fraud, and abuse with taxpayer dollars, so why shouldn't he apply that
Once enrolled, students found the educational quality at ITT to be awful -- outdated databases, materials, and technologies
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.
The closure leaves 35,000 students without an educational path forward.
The school closed its more than 138 campuses around the U.S., effective immediately.
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.
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.
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.
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.
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.