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ITT Technical Institute

Motto Education for the longer term
Established 1969
Type For-Profit (NYSE: ESI)
President Eugene W. Feichtner
Students eighty,000+
Location Carmel, Indiana, us
Campus Locations three in Alabama; four in Arizona; one in Arkansas; fifteen in California; a pair of in Colorado; twelve in Florida; four in Georgia; one in Idaho; four in Illinois; six in Indiana; a pair of in Iowa; a pair of in Kansas; a pair of in Kentucky; a pair of in Louisiana; a pair of in Maryland; a pair of in Massachusetts; eight in Michigan; three in Minnesota; one in Mississippi; four in Missouri; one in Nebraska; a pair of in Nevada; one in New Jersey; one in New Mexico; three in New York; five in North Carolina; ten in Ohio; a pair of in Oklahoma; a pair of in Oregon; seven in Pennsylvania; four in South Carolina; five in Tennessee; ten in Texas; one in Utah; six in Virginia; three in Washington; one in West Virginia; four in Wisconsin .
Affiliations ITT instructional Services, Inc. (1994-Present)
ITT Corporation (1965-1994)
Website http://www.itt-tech.edu

 
ITT Technical Institute,(often shortened to ITT technical school or ITTTI) could be a for-profit technical institute with over a hundred thirty campuses in thirty eight states of the us. ITT technical school is owned  and operated by ITT instructional Services, Inc. (NYSE: ESI), a in public listed company headquartered in Carmel, Indiana. ITT instructional Services, Inc. (ESI) was spun off by ITT Corporation through Associate in Nursing initial public giving (IPO) in 1994, with parent company ITT as Associate in Nursing eighty three shareowner. ITT technical school licenses the "ITT" name from ITT Corporation, that originates from the latter company's original name "International phonephone & Telegraph".

The Consumer monetary Protection Bureau has au courant ITT instructional Services that the federal agency's social control workplace could urge the CFPB to "take legal action" against the for-profit education supplier for potential violations of federal law, ITT declared in a very federal tax filing weekday. In its statement, ITT aforementioned that the patron bureau had notified it concerning the potential legal proceeding on Dec. 23, 2013. The agency's notice aforementioned its social control employees plans to aver that the corporate profaned the Dodd–Frank Wall Street Reform and shopper Protection Act, the reality in disposition Act, and alternative monetary laws, which the employees "expects to suggest seeking remedies and penalties to the fullest extent of the law."

On Feb twenty six, 2014, the federal shopper monetary Protection Bureau (CFPB) sued ITT. The CFPB alleged that ITT instructional Services used aggressive techniques to hale students into high-interest personal loans that were possible to finish in default.

 
Company history

The ITT technical school was based in 1946 as instructional Services, Inc. and has been headquartered in Carmel, Indiana, since 1969. From 1965 till its IPO in 1994, ITT technical school was a completely owned  subsidiary of ITT Corporation (as "ITT/ESI"). By 1999, ITT Corp. (which had incorporated with Starwood Hotels & Resorts Worldwide the year before) divested itself fully of ITT Tech's shares however the colleges still use the "ITT" name below license. It operates over a hundred forty five ITT Technical Institutes in thirty eight states, that primarily give career-focused degree programs to close to sixty,000 students.

Students and workers have written critically concerning the school's high tuition and low tutorial standards.

On Feb twenty six, 2014, shopper monetary Protection Bureau says it's suing ITT owing to loans the school chain knew would default.
 

Academic services
 

ITT technical school offers AAS, bachelor's BAS, and master's (business-only, online) degrees. ITT technical school is nationwide authorised by the Accrediting Council for freelance faculties and faculties. it should be not possible to transfer credits from ITT to a standard university; per the ITT "electronic computer", "it is unlikely that "Associate" in "Nursingy" credits earned  at Associate in Nursing ITT Technical Institute are going to be transferable to or accepted by any establishment apart from an ITT Technical Institute."



ITT Tech Canton, Michigan Campus

Campuses
 

ITT's brick-and-mortar offerings embody multiple locations in thirty five states.

 
Controversies
 

ITT Technical Institute charges among the best tuition within the business. It conjointly has the industry's highest rate of loans that enter default inside 2 years of attending.

For the 2012 school year, a typical biennial academic degree with on-campus instruction needs ninety six credit hours and prices virtually $500 per hour ($48,000 total).

Out of concern that students at ITT technical school and alternative for-profit Technical Institutes area unit seizing unsustainable levels of debt, the Department of Education enforced new laws that restricts students at for-profit Technical Institutes from removing a lot of debt than their future employment prospects would justify.

Specific Incidences

•           In August 1998, fifteen former students alleged falsehood, fraud and concealment by ITT arising out of their accomplishment and education at ITT campuses. In Gregorian calendar month 1998, ITT settled all of the claims.

•           On Feb twenty five, 2004, federal agents raided the company's headquarters and 10 of its "campuses". The "investigation" "negatively affected" the company's stock and triggered many lawsuit lawsuits by investors.

•           In Oct 2005, ITT united to pay $730,000 to settle a proceedings with American state during which workers alleged that it inflated students’ grade averages in order that they qualified for a lot of help from the State of American state.

•           An investigation by WGBA-TV (NBC26, Green Bay, Wisconsin) found proof of widespread grade inflation. In one instance, a student got 100 percent on a pc forensics assignment by emailing the academic a noodle instruction. The station believes this to be how to extend federal student aid funding.
•           In early March 2011 WTMJ-TV (NBC4, Milwaukee, Wisconsin) ran Associate in Nursing investigation finding academics lying on attending records in order that they may get money bonuses paid by ITT technical school. ITT technical school uses Associate in Nursing attending policy as a part of a demand to urge help to point out student progress.