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 st
...
udents from using federally guaranteed student loans at any ITT Tech location effective August 2016. All ITT Tech campuses were closed by September 6, 2016, and on September 16, 2016, ITT Tech filed for bankruptcy. In 2018, ITT Tech's court appointed bankruptcy trustee sued the US Department of Education and lenders to repay $1.5 billion in claims against ITT, alleging that regulators took advantage of low-income students and neglected their oversight duties.
More