The for-profit vocational education institution has been completely shut down, casting 45,000 students abruptly adrift. It wasn’t quite instantaneous: everyone should have been able to see it coming. First they were told that federal financial aid could no longer apply to ITT; then California told them they could no longer accept any new students.
Since then, ITT Technical Institute posted a new landing page on its website that states, “We are not enrolling new students.” The website also details that credits earned by current students are “unlikely to transfer.”
You might wonder why this happened. Simple answer: total accreditation meltdown.
In blocking new students from enrolling, the Education Department cited the actions of ITT’s accreditor, the Accrediting Council for Independent Colleges and Schools, which determined that ITT “is not in compliance and is unlikely to become in compliance with [ACICS] accreditation criteria.” According to the department, ACICS questioned ITT’s compliance with standards such as financial stability, management, record keeping, admissions, recruitment standards, retention, job placement and institutional integrity, in an Aug. 17 letter sent to the department.
I feel a lot of sympathy for the students who were bilked out of their money at this place, and I would hope that any debt they accumulated their would be wiped clean (although, this is America, so it probably won’t). But I’d also say to any student enrolled in a for-profit college…get out while you can. You are being robbed, and the writing is on the wall.