ITT closes all campuses (1 Viewer)

baarbogast

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ITT Tech shuts down all campuses, including Durham location :: WRAL.com

I'm not sure how I feel about this. I work at a non-profit university and I see them doing the same things as ITT. There are times I wish govt. supported schools could go under just to send a message.

I feel bad for the students and the hourly staff.

IS there a way to for a private individual to purchase a campus?
 

Grandadmiral

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Don't you mean the government shouldn't be in the student loan business?
You're right and wrong.

But the main reason the feds took over all of the student loan industry is because private banks couldn't stay out of bed with institutions, particularly for-profits. So much for self-regulation.

I have a few friends who work in the for-profit industry (one just laid off at ITT). I wish they had sense to get out when I did.

Many people think this ambush against the for-profits started with Obama. They would be wrong. This quietly started under Bush43 and steamrolled once Obama took office.
 

SaintsJunkie

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They will all close sometime soon and just do internet education. Better. Cheaper. The future
 

Grandadmiral

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They will all close sometime soon and just do internet education. Better. Cheaper. The future
Phoenix is pretty much there already. I think the only location in Louisiana with more than two staff members is in BR. Shreveport and Lafayette closed down years ago and the NOLA location has one person there to make sure classes go smoothly in the evening and one enrollment person, who primarily does online.

But I agree with you, they'll all be gone shortly. I think this move was a shot across the bow to the smaller schools to shape up (and out) while they can. Phoenix is thinking God Obama is leaving office in a few months and they're praying Hillary (if likely elected) loosens the noose some (even though they tied it themselves).
 

Grandadmiral

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The fact that they're having to close simply because students cannot use federal aid says a lot.
If I read the ruling correctly, it only effected new students enrolling. Current students were still eligible to received aid until they were done.
 

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