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Yes, these are problems that are present for some other schools, but ITT Tech is far worse. For-profit schools aren't even in the same ballpark as other types o

Yes, these are problems that are present for some other schools, but ITT Tech is far worse. For-profit schools aren't even in the same ballpark as other types of schools, in terms of the default rate. These are businesses where the "admissions counselors" are salespeople who are told to lie to people and strongarm them into attending, taking out massive government loans and effectively stealing money from the federal government when they inevitably default. "In 2011, 22% of student loan borrowers from ITT Tech defaulted on their federal student loans. In contrast, the average default rate for 4-year public institutions was 8.9%. For private student loan borrowers, ITT’s projected default rate is a whopping 64%. This is primarily because of the high tuition, low graduation rates, and low job placement." (http://higherednotdebt.org/blog/time-itt-tech-go http://higherednotdebt.org/blog/time-itt-tech-go)

gremlinsinc 10y ago
why not allow them to operate instead of force them out--make them pay for all defaulted loans above 8% -- that might make them work harder to get their students gainfully employed so they can cover their loans. -- not that I like ITT, I abhor them, and think that Bootcamps are WAY better in terms of quality education and quality of job prospects.
- tn13 10y ago
  Yes this. The problem here is with the government instead of ITT in my opinion. If you are lending money to someone who is taking significantly more risk it is your fault if the person fails to pay it back and not of the consumer or the business selling the service. In fact it makes sense for the government to do better credit risk analysis for every college-course-student instead of providing loans for any student, college course. The private banking industry already has this system and it makes sense for government to just leverage that.
  - cloakandswagger 10y ago
    Why the downvotes? It seems perfectly sensible that the government should be selective about who it loans money to. Even more so than private industry, considering the money they're handing out is from a deficit that productive peoples' taxes pay for.
    - iamdave 10y ago
      I'll entertain the notion, because I have questions and reservations of my own (powered by certain built-in and historical baisies as an American...infer if you will): What would the criteria be to determine loan eligibility for a student fresh out of high school?
      - cloakandswagger 10y ago
        GPA, extra curricular activity, criminal record, intended major, savings, jobs worked and the duration they were held, etc. Of course, none of this is as accurate an indicator as a FICO score which is why student loans are federally guaranteed, otherwise who would offer them? All of this goes to underscore just how destructive the "college for everyone" concept is. The government is making junk loans so that naive young people can pursue useless degrees and graduate directly into crippling debt servitude. Consequently, colleges have transformed into bloated profit machines, happily ratcheting up tuition in response to this inflated demand. Sadly, reform will only happen once this system collapses in on itself.
        chatmasta 10y ago
        A FICO score is pretty meaningless for someone just graduating high school. They likely don't even have a credit card yet. And for those who do have a FICO score, what if the very reason they're applying to ITT tech is the same reason their score is bad? You also want to avoid "discrimination."
        cgearhart 10y ago
        > colleges have transformed into bloated profit machines, happily ratcheting up tuition in response to this inflated demand Colleges aren't really "profit machines" though, and growth in tuition hasn't paced enrollment increases, so it is more likely that aid levels are being increased in response to rising tuition, rather than tuition being raised due to increased aid. Interestingly, one of the dominant factors in the growth of personnel costs for colleges is healthcare for employees. Between 1975-2004, enrollment increased by 65% in four-year colleges while cost increased by almost 200% over the same period. [1][2] It's not really a demand-driven phenomenon because colleges have capacity to support the number of students attending, so the marginal cost of accepting additional students is low. The more likely cause is that loans (private or public) turn students into consumers, forcing colleges to compete with each other to attract paying customers. Look at the facilities and amenities provided at German universities (which are 100% publicly funded) compared to public universities in the US. We spend tremendous amounts of money for health centers, gyms, sports, clubs, etc., that require increased spending on construction and administrative support staff. [3] [1] http://nces.ed.gov/programs/digest/d15/tables/dt15_302.60.asp?current=yes http://nces.ed.gov/programs/digest/d15/tables/dt15_302.60.as... [2] https://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fees-and-room-and-board-over-time-1975-76-2015-16-selected-years https://trends.collegeboard.org/college-pricing/figures-tabl... [3] http://www.demos.org/publication/pulling-higher-ed-ladder-myth-and-reality-crisis-college-affordability http://www.demos.org/publication/pulling-higher-ed-ladder-my...
  - rbanffy 10y ago
    If the payment has no causal relation with the services acquired via the loan, yes. Unfortunately what we seem to have here is a company selling the means to pay the loan one needs to take to pay for those means and, considering the reports on the quality of the services rendered, those means are being fraudulently misrepresented.
  - euyyn 10y ago
    Well, that's exactly what the Federal government did. "If you want a student loan, you can't enroll in ITT, as it's too high risk".
    - cloakandswagger 10y ago
      That's what the government of the state of California did, not the Federal government.
      - dragonwriter 10y ago
        The federal government banned new students with federal financial aid from enrolling in any ITT program or campus. Then, the California state government banned all new student enrollment at ITT campuses in California.
    - deleted 10y ago
      [deleted]
  - fennecfoxen 10y ago
    This is in part because the federal government has decided that student loans from private banks were too expensive and so the government themselves should offer them cheaper, for great justice. As such, the private student-loan sector in the US is no longer a going concern, and no student loans accurately price risk - a neat little wealth transfer to buy votes from students. It's also a scary credit bubble; apparently we learned nothing from FMAE and FMAC and just blamed big evil banks for following the perverse incentives. Hilarity ensues.
    - semi-extrinsic 10y ago
      Can you point out a country where a private student-loan sector is working well? One thing the government does that the private sector won't is prioritise the needs of society over financial results. Say, for instance, that "teachers" and "nurses" were underperforming groups of student-loan takers. Private sector would say "OK, stricter controls on student-loans for those!" Meanwhile the government would say "OK, but we really need more teachers and nurses in society, so we'll keep giving them student loans like today." This is of course a fictional example, but you get the point.
      - SamReidHughes 10y ago
        If we need these people in society, let their salaries increase. There is no reason to prefer debt ridden graduates paying higher interest rates at lower salaries with government soaking up the cost of defaults to the benefit of employers and their direct customers.
        st3v3r 10y ago
        Yes, because everyone has that perfect negotiating power to do so. There are no school districts that are struggling or can only afford to pay so much for teachers, and hospitals that can't afford higher salaries for nurses. The "invisible hand" is not what should be guiding society. The "invisible hand" has declared that it's more worthwhile to be a Kardashian than it is to be a teacher or nurse.
- Klinky 10y ago
  Would they do that or just become more aggressive at debt collection?
  - BinaryIdiot 10y ago
    Maybe? But I'm not sure what good it'll do them. When someone can't get a job they're not exactly going to be paying back debt faster, even if they wanted to. I can't see how them being more aggressive could really help the situation much if at all.
    - Klinky 10y ago
      If most of their income is from guaranteed loans, then they are likely considerably less aggressive right now than they could be. Debt collection can also lead to wage garnishments. Never underestimate the desire to extract as much blood from a turnip as possible.
  - dredmorbius 10y ago
    In economic policy, the Federal Reserve has as its mandate controlling inflation and unemployment. Inflation is exogenously measurable, but unemployment isn't. Rather than have the Fed measure unemployment, a seperate government agency, the Burea of Labor Statistics, does. Hence: the Fed doesn't measure what it manages. Forbidding ITT from pursuing collections, leaving that to an industry which has experience with loans (banks), and instead, leaving it to modify what it can control -- the control, the recruitment of students and instruction standards -- might result in a successful incentives alignment. You'd have to police and very heavily penalise any kickbacks or covert communications between ITT and lenders.
- rebel 10y ago
  That is an incredibly clever solution. Could you go a step further and reward schools who have a lower default rate as well? Having an institutions incentives aligned with the students sounds like the first step to solving this.
- holtalanm 10y ago
  I wouldn't go as far as saying bootcamps are better. My experience with Bootcamp grads has been pretty lackluster to say the least. They get taught the absolute basics with a "guarantee" for employment after, but not many tech companies will take someone with no education, no experience, and only a light grasp on the basics of programming. My town has been getting a lot of Bootcamp grads lately applying for jobs in the tech sector. According to a friend, his company interviewed a bunch of them and didn't find any of them met their requirements in the least. My opinion of bootcamps is that they are little better than something like ITT. High cost, very little reward. You'd be better off teaching yourself.
- st3v3r 10y ago
  They've already had several chances to better themselves. They haven't, and so they don't deserve another chance.
gohrt 10y ago
Why do private lenders lend to ITT students?
- selectodude 10y ago
  Because student loans are guaranteed by the federal government. Student can default and the bank will still get their money.
  - greggman 10y ago
    And this arguably the real issue. I'm all for the government funding education as long as it's effective education and not overpriced. In the case though they effectively put up a "Free Money" sign with nearly zero strings attached.
    - gambiting 10y ago
      Like in UK? Where everyone gets a student loan from the government, but no university(and that includes Oxford and Cambridge) is allowed to charge more than 9k(roughly $12k) a year? You also don't start paying back until you have a job that pays more than a certain amount per year, and you have 40 years to pay it off - if you don't, it's forfeit.
      - tathougies 10y ago
        To be fair, if you make your minimum payments on federal US loans for 25 years, the loan is forgiven (although you are taxed on the amount forgiven). The income based repayment or the public service option means that you may never even touch the principal and still have your loan forgive .
        kaitai 10y ago
        I love federal student loans for many reasons, but I don't get why there are so many people in these comments talking about federal loans as if they're representative! The max you can get from the feds is $5,500 the first year, $6,500 the second, etc. if you are a dependent. Your parents can get more through a PLUS loan (not eligible for income-based repayment) or you can get more in certain cases when your parent was denied a PLUS loan (weird). So if you're at a place that costs $30,000 in tuition, as many do, when you max out your federal loan and your parents max out the PLUS loans you need to go into the private market. None of those loans offer public service options or IBR as part of a standard deal. The post to which I'm responding explicitly mentions federal US loans -- thank you. Lots of other folks here are not making that crucial distinction.
jeffdavis 10y ago
22% vs 8% is not as big of a difference as I expected. It is plausible to explain that difference by the type of students likely to attend ITT vs a 4 year public university.
- sdenton4 10y ago
  And 64% amongst those with loans to default on...
- FireBeyond 10y ago
  Nearly three times as likely to default on federal loans? And nearly six times as likely to default on private loans (I saw 11% as the rate). That's a pretty big difference.
- bane 10y ago
  The students who are likely to go to these trade schools are often better served by the Community College system, but often don't know/understand it as an option. One interesting statistic, <20% of CC students take out loans for school (the cost is generally low enough they can pay out of pocket), but ~20% of those students also default.
nylsaar 10y ago
Comparing a 4-year college and a technical school is heavy-handed. Neither share demographics, nor business model. As one of 'We the People', it is also disturbing to read 'stealing money from the federal government'.
- yamike 10y ago
  As someone who attended ITT Tech I feel that their recruitment practices were at least somewhat predatory. The same sort of practice whereby used care salesmen will tell you what you need to pay per month without ever making it clear what the total cost is. All the while of course they knew that most of the money would come from federal student loans. These happen to be loans that the students can never escape. Buyer beware for sure.
  - WalterBright 10y ago
    > The same sort of practice whereby used care salesmen will tell you what you need to pay per month without ever making it clear what the total cost is. The instructor of my accounting class was a former used car salesman. He said that his customers didn't want to hear about total cost, they were only interested in the monthly payment. He'd try to explain, and they'd cut him off and go for whatever had the lowest monthly payment.
    - HarryHirsch 10y ago
      they'd cut him off and go for whatever had the lowest monthly payment What if this were a rational decision? For a person with low disposable income and no savings choosing the lowest monthly payment is the most rational decision.
      - dkersten 10y ago
        Well, it seems like the most rational decision. Whether or not it is, I guess, depends very much on the persons situation. For example, if you need to buy a car now (eg because you rely on it for work or something and can't wait to buy), then sure, it might very well be. On the other hand, if that's not true, then saving the monthly payment until you can buy it outright is much more rational (and cheaper). I understand that many people can't do that, however.
DanielBMarkham 10y ago
I hate it when people would rather impeach sources than talk issues. At the same time, a casual look at the site you linked shows quite a few advocacy groups who obviously have an agenda to push. http://higherednotdebt.org/about/ http://higherednotdebt.org/about/ So I would check those stats with a careful eye looking for bias. Meta: I actually prefer opinion pieces to news articles. In an opinion piece, the author has to state a thesis, then defend it with facts and an argument. Makes for honest reading. What I don't like is the proliferation of persuasion pieces masquerading as news items -- and it is by no way limited to political action groups. Even the MSM gets in on the action. So as far as I know these guys may have a point. But they also carefully choose what to present with an eye on influencing public opinion. This is not the site that would ever have an article saying "Ooops! Turns out ITT Tech wasn't so bad after all!"
awongh 10y ago
What's the default rate for private student loans for a public 4-year school?
- exoromeo 10y ago
  Roughly 8.9% it looks like. (Last section of article mentions it...) http://higherednotdebt.org/blog/time-itt-tech-go http://higherednotdebt.org/blog/time-itt-tech-go
- ensignavenger 10y ago
  A better comparison would be to a two-year community college.

gremlinsinc 10y ago

why not allow them to operate instead of force them out--make them pay for all defaulted loans above 8% -- that might make them work harder to get their students gainfully employed so they can cover their loans. -- not that I like ITT, I abhor them, and think that Bootcamps are WAY better in terms of quality education and quality of job prospects.

tn13 10y ago
Yes this. The problem here is with the government instead of ITT in my opinion. If you are lending money to someone who is taking significantly more risk it is your fault if the person fails to pay it back and not of the consumer or the business selling the service. In fact it makes sense for the government to do better credit risk analysis for every college-course-student instead of providing loans for any student, college course. The private banking industry already has this system and it makes sense for government to just leverage that.
- cloakandswagger 10y ago
  Why the downvotes? It seems perfectly sensible that the government should be selective about who it loans money to. Even more so than private industry, considering the money they're handing out is from a deficit that productive peoples' taxes pay for.
  - iamdave 10y ago
    I'll entertain the notion, because I have questions and reservations of my own (powered by certain built-in and historical baisies as an American...infer if you will): What would the criteria be to determine loan eligibility for a student fresh out of high school?
    - cloakandswagger 10y ago
      GPA, extra curricular activity, criminal record, intended major, savings, jobs worked and the duration they were held, etc. Of course, none of this is as accurate an indicator as a FICO score which is why student loans are federally guaranteed, otherwise who would offer them? All of this goes to underscore just how destructive the "college for everyone" concept is. The government is making junk loans so that naive young people can pursue useless degrees and graduate directly into crippling debt servitude. Consequently, colleges have transformed into bloated profit machines, happily ratcheting up tuition in response to this inflated demand. Sadly, reform will only happen once this system collapses in on itself.
      - chatmasta 10y ago
        A FICO score is pretty meaningless for someone just graduating high school. They likely don't even have a credit card yet. And for those who do have a FICO score, what if the very reason they're applying to ITT tech is the same reason their score is bad? You also want to avoid "discrimination."
      - cgearhart 10y ago
        > colleges have transformed into bloated profit machines, happily ratcheting up tuition in response to this inflated demand Colleges aren't really "profit machines" though, and growth in tuition hasn't paced enrollment increases, so it is more likely that aid levels are being increased in response to rising tuition, rather than tuition being raised due to increased aid. Interestingly, one of the dominant factors in the growth of personnel costs for colleges is healthcare for employees. Between 1975-2004, enrollment increased by 65% in four-year colleges while cost increased by almost 200% over the same period. [1][2] It's not really a demand-driven phenomenon because colleges have capacity to support the number of students attending, so the marginal cost of accepting additional students is low. The more likely cause is that loans (private or public) turn students into consumers, forcing colleges to compete with each other to attract paying customers. Look at the facilities and amenities provided at German universities (which are 100% publicly funded) compared to public universities in the US. We spend tremendous amounts of money for health centers, gyms, sports, clubs, etc., that require increased spending on construction and administrative support staff. [3] [1] http://nces.ed.gov/programs/digest/d15/tables/dt15_302.60.asp?current=yes http://nces.ed.gov/programs/digest/d15/tables/dt15_302.60.as... [2] https://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fees-and-room-and-board-over-time-1975-76-2015-16-selected-years https://trends.collegeboard.org/college-pricing/figures-tabl... [3] http://www.demos.org/publication/pulling-higher-ed-ladder-myth-and-reality-crisis-college-affordability http://www.demos.org/publication/pulling-higher-ed-ladder-my...
- rbanffy 10y ago
  If the payment has no causal relation with the services acquired via the loan, yes. Unfortunately what we seem to have here is a company selling the means to pay the loan one needs to take to pay for those means and, considering the reports on the quality of the services rendered, those means are being fraudulently misrepresented.
- euyyn 10y ago
  Well, that's exactly what the Federal government did. "If you want a student loan, you can't enroll in ITT, as it's too high risk".
  - cloakandswagger 10y ago
    That's what the government of the state of California did, not the Federal government.
    - dragonwriter 10y ago
      The federal government banned new students with federal financial aid from enrolling in any ITT program or campus. Then, the California state government banned all new student enrollment at ITT campuses in California.
  - deleted 10y ago
    [deleted]
- fennecfoxen 10y ago
  This is in part because the federal government has decided that student loans from private banks were too expensive and so the government themselves should offer them cheaper, for great justice. As such, the private student-loan sector in the US is no longer a going concern, and no student loans accurately price risk - a neat little wealth transfer to buy votes from students. It's also a scary credit bubble; apparently we learned nothing from FMAE and FMAC and just blamed big evil banks for following the perverse incentives. Hilarity ensues.
  - semi-extrinsic 10y ago
    Can you point out a country where a private student-loan sector is working well? One thing the government does that the private sector won't is prioritise the needs of society over financial results. Say, for instance, that "teachers" and "nurses" were underperforming groups of student-loan takers. Private sector would say "OK, stricter controls on student-loans for those!" Meanwhile the government would say "OK, but we really need more teachers and nurses in society, so we'll keep giving them student loans like today." This is of course a fictional example, but you get the point.
    - SamReidHughes 10y ago
      If we need these people in society, let their salaries increase. There is no reason to prefer debt ridden graduates paying higher interest rates at lower salaries with government soaking up the cost of defaults to the benefit of employers and their direct customers.
      - st3v3r 10y ago
        Yes, because everyone has that perfect negotiating power to do so. There are no school districts that are struggling or can only afford to pay so much for teachers, and hospitals that can't afford higher salaries for nurses. The "invisible hand" is not what should be guiding society. The "invisible hand" has declared that it's more worthwhile to be a Kardashian than it is to be a teacher or nurse.
Klinky 10y ago
Would they do that or just become more aggressive at debt collection?
- BinaryIdiot 10y ago
  Maybe? But I'm not sure what good it'll do them. When someone can't get a job they're not exactly going to be paying back debt faster, even if they wanted to. I can't see how them being more aggressive could really help the situation much if at all.
  - Klinky 10y ago
    If most of their income is from guaranteed loans, then they are likely considerably less aggressive right now than they could be. Debt collection can also lead to wage garnishments. Never underestimate the desire to extract as much blood from a turnip as possible.
- dredmorbius 10y ago
  In economic policy, the Federal Reserve has as its mandate controlling inflation and unemployment. Inflation is exogenously measurable, but unemployment isn't. Rather than have the Fed measure unemployment, a seperate government agency, the Burea of Labor Statistics, does. Hence: the Fed doesn't measure what it manages. Forbidding ITT from pursuing collections, leaving that to an industry which has experience with loans (banks), and instead, leaving it to modify what it can control -- the control, the recruitment of students and instruction standards -- might result in a successful incentives alignment. You'd have to police and very heavily penalise any kickbacks or covert communications between ITT and lenders.
rebel 10y ago
That is an incredibly clever solution. Could you go a step further and reward schools who have a lower default rate as well? Having an institutions incentives aligned with the students sounds like the first step to solving this.
holtalanm 10y ago
I wouldn't go as far as saying bootcamps are better. My experience with Bootcamp grads has been pretty lackluster to say the least. They get taught the absolute basics with a "guarantee" for employment after, but not many tech companies will take someone with no education, no experience, and only a light grasp on the basics of programming. My town has been getting a lot of Bootcamp grads lately applying for jobs in the tech sector. According to a friend, his company interviewed a bunch of them and didn't find any of them met their requirements in the least. My opinion of bootcamps is that they are little better than something like ITT. High cost, very little reward. You'd be better off teaching yourself.
st3v3r 10y ago
They've already had several chances to better themselves. They haven't, and so they don't deserve another chance.

gohrt 10y ago

Why do private lenders lend to ITT students?

selectodude 10y ago
Because student loans are guaranteed by the federal government. Student can default and the bank will still get their money.
- greggman 10y ago
  And this arguably the real issue. I'm all for the government funding education as long as it's effective education and not overpriced. In the case though they effectively put up a "Free Money" sign with nearly zero strings attached.
  - gambiting 10y ago
    Like in UK? Where everyone gets a student loan from the government, but no university(and that includes Oxford and Cambridge) is allowed to charge more than 9k(roughly $12k) a year? You also don't start paying back until you have a job that pays more than a certain amount per year, and you have 40 years to pay it off - if you don't, it's forfeit.
    - tathougies 10y ago
      To be fair, if you make your minimum payments on federal US loans for 25 years, the loan is forgiven (although you are taxed on the amount forgiven). The income based repayment or the public service option means that you may never even touch the principal and still have your loan forgive .
      - kaitai 10y ago
        I love federal student loans for many reasons, but I don't get why there are so many people in these comments talking about federal loans as if they're representative! The max you can get from the feds is $5,500 the first year, $6,500 the second, etc. if you are a dependent. Your parents can get more through a PLUS loan (not eligible for income-based repayment) or you can get more in certain cases when your parent was denied a PLUS loan (weird). So if you're at a place that costs $30,000 in tuition, as many do, when you max out your federal loan and your parents max out the PLUS loans you need to go into the private market. None of those loans offer public service options or IBR as part of a standard deal. The post to which I'm responding explicitly mentions federal US loans -- thank you. Lots of other folks here are not making that crucial distinction.

jeffdavis 10y ago

22% vs 8% is not as big of a difference as I expected. It is plausible to explain that difference by the type of students likely to attend ITT vs a 4 year public university.

sdenton4 10y ago
And 64% amongst those with loans to default on...
FireBeyond 10y ago
Nearly three times as likely to default on federal loans? And nearly six times as likely to default on private loans (I saw 11% as the rate). That's a pretty big difference.
bane 10y ago
The students who are likely to go to these trade schools are often better served by the Community College system, but often don't know/understand it as an option. One interesting statistic, <20% of CC students take out loans for school (the cost is generally low enough they can pay out of pocket), but ~20% of those students also default.

nylsaar 10y ago

Comparing a 4-year college and a technical school is heavy-handed. Neither share demographics, nor business model. As one of 'We the People', it is also disturbing to read 'stealing money from the federal government'.

yamike 10y ago
As someone who attended ITT Tech I feel that their recruitment practices were at least somewhat predatory. The same sort of practice whereby used care salesmen will tell you what you need to pay per month without ever making it clear what the total cost is. All the while of course they knew that most of the money would come from federal student loans. These happen to be loans that the students can never escape. Buyer beware for sure.
- WalterBright 10y ago
  > The same sort of practice whereby used care salesmen will tell you what you need to pay per month without ever making it clear what the total cost is. The instructor of my accounting class was a former used car salesman. He said that his customers didn't want to hear about total cost, they were only interested in the monthly payment. He'd try to explain, and they'd cut him off and go for whatever had the lowest monthly payment.
  - HarryHirsch 10y ago
    they'd cut him off and go for whatever had the lowest monthly payment What if this were a rational decision? For a person with low disposable income and no savings choosing the lowest monthly payment is the most rational decision.
    - dkersten 10y ago
      Well, it seems like the most rational decision. Whether or not it is, I guess, depends very much on the persons situation. For example, if you need to buy a car now (eg because you rely on it for work or something and can't wait to buy), then sure, it might very well be. On the other hand, if that's not true, then saving the monthly payment until you can buy it outright is much more rational (and cheaper). I understand that many people can't do that, however.

DanielBMarkham 10y ago

I hate it when people would rather impeach sources than talk issues. At the same time, a casual look at the site you linked shows quite a few advocacy groups who obviously have an agenda to push. http://higherednotdebt.org/about/ http://higherednotdebt.org/about/ So I would check those stats with a careful eye looking for bias. Meta: I actually prefer opinion pieces to news articles. In an opinion piece, the author has to state a thesis, then defend it with facts and an argument. Makes for honest reading. What I don't like is the proliferation of persuasion pieces masquerading as news items -- and it is by no way limited to political action groups. Even the MSM gets in on the action. So as far as I know these guys may have a point. But they also carefully choose what to present with an eye on influencing public opinion. This is not the site that would ever have an article saying "Ooops! Turns out ITT Tech wasn't so bad after all!"

awongh 10y ago

What's the default rate for private student loans for a public 4-year school?

exoromeo 10y ago
Roughly 8.9% it looks like. (Last section of article mentions it...) http://higherednotdebt.org/blog/time-itt-tech-go http://higherednotdebt.org/blog/time-itt-tech-go
ensignavenger 10y ago
A better comparison would be to a two-year community college.