Earlier quoted context omitted.
There is informational asymmetry in every transaction (as well as in non-profit schools); this is a red herring (unless you can show that it is causing a specific, large, unsolved problem). The current administration has repeatedly demonstrated hostility towards for-profit schools, and has chosen to use discretionary enforcement of rules against them rather than enforcing standards universally, because they know that…
> I am not sure about the specifics of this case, but the Department of Education has been looking at for-profit schools much harder than non-profits. This seems fair to me. You can argue that wasted money at NFP schools ends up in someone's pocket, but bald faced "every buck not spent educating you" going into the pocket of capital seems worse. If the outcomes at FP higeher education aren't better, why not avoid fun…
ITT is no longer allowed to enroll students who rely on federal loans and grants
101–110 of 142 posts
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#102"ITT is barred from awarding raises, paying bonuses or making severance payments to its executives or paying dividends without the department’s approval." Wow. How do we make that happen for TBTF financial companies?
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#103Earlier quoted context omitted.
I would agree that "[t]he opinion that large numbers of... schools are convincing people to give them money and then providing almost nothing useful in return is so widespread now that I'd assume it to be everyone's default unless they specifically mention otherwise." According to the signalling theory of education and the opinion of many commenters here, a great deal (possibly a strong majority) of post-secondary ed…
Graduation rates at non profit schools are appalling. University of Pheonix routinely graduates less than 20% of its students within six years. Even if all of the benefit is signaling, which I disagree with, the students at many for profit institutions aren't even getting that benefit.
I am talking about both (for and not-for profit) universities.
Isn't graduation a responsibility of a student too? If a student is not graduating, isn't there a chance that he/she is not sufficiently working for it?
or
If a student is not graduating, isn't there a chance that he/she does not have what it takes to learn a subject?
The students should do a little bit of homework before joining any university: does the university seem suitable for me? do I seem suitable for the university? do I think I am capable of handling the study work? what is the quality of the faculty? what the almuni are saying about this university? what the other academics are saying about this university?
If a student cannot or will not do this little bit of homework, then I guess he/she deserves to be surprised (may get a good surprise if lucky else bad surprise).
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#104Earlier quoted context omitted.
There is informational asymmetry in every transaction (as well as in non-profit schools); this is a red herring (unless you can show that it is causing a specific, large, unsolved problem). The current administration has repeatedly demonstrated hostility towards for-profit schools, and has chosen to use discretionary enforcement of rules against them rather than enforcing standards universally, because they know that…
>There is informational asymmetry in every transaction Yes, but informational asymmetry is a much bigger problem for larger, less frequent decisions, like buying a house, or going to college. With small, frequent decisions, like buying groceries, you can quickly learn from your mistakes and the harm done from potentially choosing an inferior/overly expensive grocer a few times is small. With college, if you don't fig…
Is using google that difficult?
After all, I went to college before the internet, and didn't have any trouble finding reviews of the various options, and used that to form a list to apply to. With google it's a few minutes' job.
There's never been less information asymmetry.
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#105This is incremental progress, it's just one school. But a crazy step in the right direction. For-Profit institutions are a plague on our nation (high-cost low-value educations) allowed to rise up out of the failings of our strained public institutions (not enough capacity to meet demand). What really blows my mind is that this seems to come after the justice department discontinues for profit federal prisons. It's li…
In principle there's nothing wrong with for-profit schools which train people on specific job skills or certification programs. There are some valuable skills that non-profit community colleges can't practically teach. But still the federal government should only support financial aid for such schools if they demonstrate a high rate of job placement for students who complete the program.
For example? Out of hand I can't think of anything obvious - but I only really knows how the system works in Germany, which is quite different indeed to the US system.. so that might be the reason why I can't.
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#106I'm torn on this. Understand, I have little love for ITT, and I got my 4 year degree from there. In hindsight, I wish I'd done community college and the local university instead. I honestly believe I'd have had a better curriculum, better books and a better ratio of instructors who cared to ones who didn't. I believe I'd have had to take on less student loan debt, as well. That said, suppose ITT Tech does lose its ac…
Degrees from these sorts of institutions are already arguably a black mark. I've seen this come up a few times in /r/sysadmin, and to some people, attending a school like ITT displays a shocking inability to do even the most cursory research before making a huge life decision. Fair or not, you can be almost certain you are not being considered for some positions because you attended ITT.
Meh. Again, torn. I can understand the sentiment having had my own frustration with interviewing ITT tech grads years later. And it seems somewhat fair to hold that attitude against a recent graduate, considering the allegations have been around for some years now. But almost 15 years ago, with most accusations having not yet been levied and internet access not as widespread, "the most cursory research" wouldn't have likely have lead one to warnings about the school.
I shouldn't worry about it terribly. What's done is done and the only thing that can be done for it is to do the best work I can, and let the results speak for themselves.
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#107Earlier quoted context omitted.
In that same vein why do public schools get to saddle kids with an average of $30k in debt and leave them with the prospect of $8/hour jobs as many degrees do? Where's the outrage over public schools who do the exact same thing?
A school's main objective is not to make you employable.
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#108Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#109I earned my A.A.S in Electronic and Computer Engineering Technology and my B.S. in Electronic and Communications Engineering Technology from ITT Tech. I started the process in 2001. My total student loan debt was over $60K when I graduated but I knew that would be the case going in. I don't buy this crap about 18 years olds not knowing what they are getting into.
While my program of study was electronics engineering I always intended on working in IT. I wanted to get my degree in electronics engineering because I felt I would get more out of an instructor led education in electronics than I would in IT. After graduation my first job was an desktop support specialist for a software company which turned into a junior system administrator position one year later. After one more year I switched to my current job where I was hired as system administrator and am now a Senior Linux Administrator. I make good money for the location and was able to pay off all my student loans and put a down payment on a house when I was 32. In full disclosure this was speed up by about 5 years due to my mom passing and a life insurance policy I was the beneficiary on but it really only speed up the process by those 5 years. I already was doing pretty well before she passed.
I had some outstanding instructors and I refuse to do them an injustice by saying my education was sub-par or otherwise not worth the investment. Of all my friends who went to normal state universities I am doing the best for myself career wise. From what I heard from them at the time the state university standards where dropping just as much as the private for profit schools.
After earning my M.S. in Information Technology I went back and taught part time as an adjunct for both the electronics and information technology departments. I quit about 3 years ago when I moved about 1hr away and did not want to commute. This was just supplemental income for me and never my primary job so I was able to just do things my own way and not worry about the repercussions if I failed to may students or did not haul the corporate line. Things definitely where different by the time I went back to teach. The standards where not what they use to be when I was a student. They also added a lot of degree programs with attractive sounding names such as Digital Entertainment and Game Design which attracted a much broader student base and failed to provide any sort of meaningful filtering of who they accepted. However the faculty was still a outstanding group of people who knew their stuff.
I cant speak for other ITT Techs than my own. I'm sure for every person like me who had a positive experience there are numerous people who could tell a horror story about their experiences at ITT Tech. I just feel like a large part of the problem is that ITT accepts people who are not college material and these people are doomed to struggle or fail out and when they do they are also a demographic of individuals who are more likely to blame the system than accept any blame themselves. Perhaps it is ITT Techs fault for accepting them; its certainly doing the schools reputation a disservice. But just like with the student loans I have a hard time accepting people do not know what they are getting into or filling sorry for them if they did not do their research before hand.
I fully acknowledge ITT Tech has its fair share of problems which have gotten worse over the years. I just don't think its particularly unique to them or even for profit schools.
Re: ITT is no longer allowed to enroll students who rely on federal loans and grants
#110Earlier quoted context omitted.
> For-Profit institutions are a plague on our nation I dont understand. ANY for profit? Like Apple or Ford? Or just educational institutions? If just educational institutions, what is special about that sector that makes them a plague?
Plus anyone who thinks that "Public" schools are not for profit hasn't looked too closely. My "Public" University was basically a football program which had classes to try and justify its existence. Think Stanford isn't for profit? Harvard? University of California? The only difference is who is making the profit an what their incentives are. ITT doesn't make money if its students don't get jobs. Does UC Santa Cruz r…