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ITT Tech Is Officially Closing (gizmodo.com)
Reader Joe_Dragon shares a Gizmodo report: ITT Technical Institute is officially closing all of its campuses following federal sanctions imposed against the company. The for-profit college announced the changes in a statement: "It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after approximately 50 years of continuous service. With what we believe is a complete disregard by the U.S. Department of Education for due process to the company, hundreds of thousands of current students and alumni and more than 8,000 employees will be negatively affected."
ITT Tech announced it was closing all of its campuses just one week after it stopped enrolling students following a federal crackdown on for-profit colleges. ITT Tech and other higher education companies like it have been widely criticized for accepting billions of dollars in government grants and loans while failing to provide adequate job training for its students. Last year, ITT Tech received an estimated $580 million in federal money (aka taxpayer dollars), according to the Department of Education.
ITT Tech announced it was closing all of its campuses just one week after it stopped enrolling students following a federal crackdown on for-profit colleges. ITT Tech and other higher education companies like it have been widely criticized for accepting billions of dollars in government grants and loans while failing to provide adequate job training for its students. Last year, ITT Tech received an estimated $580 million in federal money (aka taxpayer dollars), according to the Department of Education.
Don't worry. The same people will have already started a new company, under a new name, which does exactly the same thing as the old company. Bonus points if they also have ITT Educational Services, Inc. sell all the trademarks for "ITT Technical Institutes" to the new company.
the growth in cynicism and rebellion has not been without cause
I went to ITT and now I write for Gizmodo. I applied to slashdot but I didn't have the errors per article count needed to be an editor
I was a student there. That was the best 7 years of my life -- good friends, better drugs, best sex. I'd drink a red bull and viagra on Friday afternoon and fuck 10-15 dudes before Monday came around. I'm working as a fullstack junior web engineer at a SF startup so there's just as much, if not more, sex, but I miss the drugs and friends. Skipping work because I'm hungover isn't quite the same as skipping class because I'm hungover.
I plan on doing my own startup in a couple months, once I get a cofounder, raise a series A and find an idea. I wouldn't be here without ITT so this is a little sad for me :(