Earlier quoted context omitted.
I'm just going to go out on a limb and say that most of the people going to ITT-esque schools are getting Pell Grants (free money, not loans) first and foremost to cover their costs. I didn't even know this was a thing until after I graduated (I never got a Pell Grant because my parents made too much money). Some schools have over 90% of their students funding their entire costs through Pell Grants (look at Universit…
It looks like ITT does/did have a large proportion of students with Pell Grants -- 23,500 out of 57,000 students. The tuition figures I can find for ITT are $18,000 / year, while the average Pell Grant to an ITT student was $1800 / year. So 40% of ITT students got 10% of their tuition from ITT, and ITT got 4% of its revenue from Pell Grants.
To me it feels like it can't have just been paid in cash, because if you have $16,000 per year just lying around... you are probably in a situation where you can find better options than ITT.