ITT was no more a fraud than state-funded institutions. Students who applied themselves benefited and got their money’s worth. Those that didn’t ended up with nothing but debts. That is true for so-called “non-profits,” too.
Like major public (and some private ) universities aren’t perpetrating a Fraud on their students!!!
Where, in Article I or in any of the Amendments, does the Constitution grant the Congress the authority to issue 'federal grans or loans' to individuals to pay their educational costs?
Nowhere, you say?
Then you're right!
The whole business must end.
ITT graduates had a much higher employment rate than most colleges.
Don’t make your enterprise totally dependent upon government money, and they’ll find it much harder to shut you down.
An ITT education in design engineering doesn’t get you there all by itself. You need experience and lots of it.
It’s hard to have any sympathy for ITT. Any business or institution that relies on government grants and loans to their customers to stay in business shouldn’t even exist.
obama job creation at it’s finest
I went there in Toledo for refrigeration/AC 1974-75, did ok, graduated, tuition $1200/yr and was issued a huge textbook and a decent set of tooling and gauges. I got no complaints, and worked it that field for most of my career.
My son got his A+ certification in high school. One of his friends took classes at ITT, spent a couple of thousand bucks and never passed the test.
The big argument against these for profit schools is that students would have incurred huge debt for degrees that would give them jobs not paying enough to repay the loan. However, pick any state university or even an Ivy League school who turn out graduates with worthless degrees in peace studies, feminist theory, minority studies etc. who end up working in coffee shops and they can’t pay their loans either. Law schools are no different as they are turning out hundreds of new graduates each year who can’t find jobs. When my son took the bar exam in Minnesota several years ago 600 applicants were taking the bar exam. Assuming a low pass rate that would mean some 500 lawyers looking for work in MN that year and every year following. My son was fortunate to get hired, many of his classmates did not