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Companies like ITT specifically target military service members because they are: 1) In their twenties and looking to start a career outside the military. 2)
by ben_jones 10y ago
Companies like ITT specifically target military service members because they are:
1) In their twenties and looking to start a career outside the military.
2) Eligible for a variety of loans, grants, and other financial services unavailable to the general public.
3) If they are still in the military, they will have much lower default rates as the military takes debt very seriously (as a representation of character really).
(IMO) none of these qualities are unfavorable to traditional institutions. Companies like ITT are 100% vultures.
source: many friends in the military
- jcurbo 10y agoAll true. The Post-9/11 GI Bill was a large driver of this - if you've done your time, it's basically free schooling and all you have to do is sign up. The govt sends the tuition money directly to the school, you just have to recertify with the VA every semester. (In the old GI Bill you got the money first, and the rates were different) (source: prior military, used Post-9/11 GI Bill to get my master's)
- ryuker16 10y agoAnother huge factor is that laws aimed at these schools required a threshold of students didnt use federal student loans to attend. Army loans qualified are sufficiently different and allowed them meet that quota without having to go the filthy route giving hefty scholarships to attract non-suckers at reasonable rates.