“Roane State has many opportunities that will benefit ITT Tech students, and we want to do anything we can to assist them”.
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They join about 200 others who, beginning a year ago, launched a “debt strike” after the Education Department’s bailout of Corinthian Colleges Inc.
Fortune Magazine, citing a source familiar with the situation, also reported that the for-profit school was preparing to file for bankruptcy.
After former students at Corinthian College declared a debt strike, many students did have their federal student loan debt forgiven.
We had no intention prior to the receipt of the most recent sanctions of closing down despite the challenging regulatory environment that now threatens all proprietary higher education.
“We must ensure the students affected by ITT’s closure don’t lose their resolve to earn a postsecondary education”, Lubbers said. The federal government had said it no longer would allow students receiving federal aid to enroll after ITT was found out of compliance with its accrediting agency two times.
Posey announced a $50,000 fund designated to support ITT tech students’ transition to Cincinnati State at Thursday’s news conference. Zachary left ITT after deciding that “something was off” with her computer networking classes. He took a break from school for about two years in between to join the Missouri Army National Guard, he said.
Golden West College’s faculty looked at course descriptions, homework, and other aspects of ITT Tech classes after it shut down.
“I was kind of shocked it happened as quickly as it did”, he said. “I drank the Kool-Aid”. “Additionally, the New Economy Workforce Industry Credentials Grants included in the biennial budget can help many of these displaced students get more affordable in-demand credentials”. He makes about $38,000 annually. “It’s not a pleasant feeling”, said Malorie Thompson, who said she was set to graduate in December. Organizers of the strike are offering financial literacy workshops on the consequences of not repaying debt.
It’s that hopelessness that’s prompted White to risk ruining his credit once he eventually defaults potentially costing him housing and jobs down the road all to publicly pressure the Education Department.
The shutdown affected more than 1,000 IN students, 662 Hoosier workers and thousands more nationwide.
As of the writing of this article, 176 former students are taking part in the action.
But the college wants to help former ITT Tech students out in what some officials at this session are calling an educational and financial crisis for thousands of students.
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Plans are in the works so ITT students will have the option to enroll in this mini-mester. “We are more powerful together”.
