ITT Technical Institute: Debt for your future

[aka name]

Title: ITT Technical Institute: Debt for your future
Date: 2008 - 2009
Author: WEBIVATE, INC

[Website also contains brief "ITT TECH LEGAL HISTORY" and "CHARLES SCIASCIA'S ITT TECH STORY", among other things.]

DEBT FOR YOUR FUTURE

For any current ITT Tech students or those considering ITT Tech, please think about the following information before you sign away your future to extensive debt and a worthless degree.

First, please think about accreditation. ITT is accredited through ACICS (acics.org), which was developed for trade/technical/career schools by those representing those schools. Accreditation is the governing body for the school, such as how they operate, etc.

The ACICS accreditation has minimal standards which you can review for yourself at their website. ACICS is a national accreditation and the standards are easily met, therefore the ITT degree has no value. ITT credits do not transfer to anyone and most employers do not recognize degrees from ITT. ITT is pursuing HLC accreditation but it will take years to get there if at all.

Finally, you must use personal loans beyond federal aid to cover your programs-what does that say about the cost? AA degrees are $40k and BA degrees are $80k. A graduate would need to make in excess of $80k per year to pay back the loans along with their regular life expenses, such as family, mortgage, food, utilities, autos, etc. Current grads are making $30k and less. Just ask your rep in career services about salaries for recent grads.

Also check with any future employers and see if they accept an ITT degree before you enroll since most of the largest, most-respected employers do not. Also check the ittesi.com website and review their annual reports. See how much the company and company execs are making at the students expense. Check out their salaries, bonus plans and incentives while thousands of students are incurring more debt than they will ever be able to pay back.


And if you dont pay your student loans it will impact your credit, refrain you from getting any future financial aid and it is not discharable in bankruptcy. You are stuck with an expensive piece of paper and a dead-end job.

Source: http://www.webivate.com/support/itt-tec ... uture.html