ITT Technical Institute
ITT Tech's Canton, Michigan campus
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| Motto | Education for the Future |
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| Type | For-profit technical institute |
| Active | 1969–2016 |
| Students | 40,015 |
| Location | Carmel, Indiana, United States |
| Campus locations | Approximately 130 campuses |
| Mascot | 9 |
| Affiliations | ITT Educational Services, Inc. (1994–2016) ITT Corporation (1965–1994) |
| Website | itt-tech |
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ITT Technical Institute (often shortened to ITT Tech) was a for-profit technical institute. Founded in 1969 and with approximately 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US.
Starting in about 2004, ITT Tech came under fire for questionable practices, including allegations of high-pressure recruiting tactics, falsified paperwork, high rates of default on student loans for ITT Tech students, and inadequate educational standards. Following a series of state and Federal investigations, the US Department of Education prevented students from using Federally guaranteed student loans at any ITT Tech location effective August, 2016. All ITT Tech campuses were closed as of September 6, 2016, and on September 16, 2016, ITT Tech filed for bankruptcy.
Students who attended ITT Tech may be able to have their debt forgiven by applying to the US Department of Education for a borrower defense to repayment.
ITT Tech is owned and was operated by ITT Educational Services, Inc. (OTC Pink: ), a publicly traded company headquartered in Carmel, Indiana. The company also owned and operated Breckinridge School of Nursing and Health Sciences schools.
ITT Technical Institute charged among the highest tuition fees in the industry. It also had the industry's highest rate of loans that go into default within two years of attendance. In 2014, the tuition for attending an ITT Tech campus ranged from $45,000 to $85,000.
A group of more than 3500 students and former students called the ITT Tech Warriors have protested that they received a subprime education and called for debt forgiveness.
According to one source, early career pay for associate degree graduates of ITT Tech's Seattle campus in 2015 was $42,400, while mid-career pay was $66,500. As of September 2016[update], College Scorecard reported that graduates of ITT Tech schools nationally earned an average income of $38,400, measured at ten years after graduation.
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