Posted on 10/24/2016 10:51:48 AM PDT by reaganaut1
Come on Forbes... you are stretching here... ITT and other places it like it were raping naive folks, putting them in lifetimes of debt with little chance of getting a real job at the end...
These places were basically enriching themselves with your tax dollars and then leaving poor folks with a lifetime debt they could not wipe out or repay.
Given their entire (90%+) of cashflow was coming from federally backed student loans, I have no problem with the people making those loans saying you no longer meet the criteria to be able to get federal student loans.
Says who?
Oh, yeah: the Supreme Court.
The difference between your example and ITT is pretty profound.. I have a cousin, She has a PHD in 19th century feminist literature... not exactly something anyone would think she would get a job with... but guess what, she actually did find a job using her degree... so, hard to argue her education was worthless.
Now, there is no doubt you can graduate with a degree that isn’t all that marketable.. however, one cannot argue the person did not receive an education.. even if it is in something most folks would find worthless.
The problem with ITT and others like them is that they don’t educate their students at all, at least not to the degree they should be to claim they are preparing them for a career in mainstream fields.
If you are graduating students with degrees in nursing who have never set foot in a clinical setting, you are not educating the students, you are committing fraud. Amazing there are people here, arguing that a private enterprise should be able to willingly and willfully commit fraud to pad their own pockets with tax money! Insanity.
Legal? Sure. Ethical? Maybe not so much. It certainly sold itself as a magic bullet to desperate people looking for a degree, for a price. Does that make it any different from the hundreds of other "safety schools" offering Fill-in-the-Blank Studies Degrees for the price of four years of tuition? Nope, and its diploma was about as valuable.
I am guessing that your cousin had solid degrees in her bachelor and masters program. a PHD in feminist literature is only as good as the education that the person got on the way to the PHD. the PHD probably opened a few doors but if the person had nothing backing it they Would not get a job.
I actually consulted in the Belly of the Beast for about 5 minutes (Higher Ed, not ITT) and I'll take your premise one step further....
Not only do many private college rely on gov't grants and loans to stay in a business they shouldn't have in the first place....
....but many of them pay people that they desire (hint: they're not straight white conservative guys) to take their product off the shelf. Place I consulted at was Proud of its diversity, to the point where it lowered its standards for people meeting the proper criteria to near-illiteracy, while simultaneously giving them full-boat tuition.
It won't end well. It's predicated on gov't loans, alumni fundraising, and a minority of the students being able and willing to pay for a full ride and support the rest. Sooner or later, the house of cards will come down for a lot of these 3rd-string schools. Either they'll completely go crash - diploma mills like ITT are the canary in the mineshaft - or they'll retrench, get a lot smaller, and much more specialized - "XYZ College is the world leader in Lefthanded Medieval Basketweaving Studies".
That's my unsolicited $0.02...
Sorry, hate to break this to you, but her job was actually completely related to her PHD... not her grad or undergrad work....
Trying to put ITT Tech in line with even a niche degree at a general university is laughable. These places were nothing more than scams, and because of it were denied access to federal backed loans... They were basically defrauding the government, and leaving largely naive and unsophisticated folks with 10s of thousands of dollars in debt.
Those here trying to argue for the allowance of wholesale defrauding of federal funds by ITT on a conservative site no less is flat out astonishing.
I agree with you. the rout to go to get your education if you are poor is community college for your AA then look at what you want to do if it is anything technical go to the personnel department of any company in the area you live in ask the company what technical school they hire from for opening positions that you are interested in if it is within your budget go to school there. what ever you do avoid student loans if possible they are deceptive fixes to what ever financial situation you are in.
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