ITT Educational Services Inc., the 70-year-old for-profit college operator that shut down its 136 technical schools last week, has hired advisers to liquidate its assets, according to one of the firms brought in to handle the sales.
Public schools—including traditional, district-run schools and charters—are employing ever-more sophisticated advertising and marketing campaigns in an effort to meet enrollment targets by the time the official state count day rolls around.
At the new event, more than 7,000 Marion County eighth-graders will get hands-on experience in eight job sectors, aided by some 3,000 volunteers from more than 100 companies.
The Carmel-based for-profit educator, which last week shut down all 136 of its ITT Technical Institute campuses in 38 states, said it will “cease all operations” on Friday.
More than 100 former students of now-closed ITT Technical Institutes announced Wednesday they'll no longer make payments on their federal student loans, part of a revolt against what they call the Obama administration's negligence in policing for-profit colleges.
Six of Indiana’s U.S. representatives filed legislation Tuesday to help veterans regain their GI Bill education benefits after the closure of ITT Technical Institute.
Purdue's announcement comes after Indiana University reported a record mark of some 43,200 students enrolled at its Bloomington campus for the fall semester.
Indiana Gov. Mike Pence wants the U.S. Department of Veterans Affairs to reinstate GI Benefits for students who enrolled in ITT Technical Institute, but that may not be legally possible.
When voters go to the polls this fall to decide who should run the state’s top education office, both candidates will be people who believe that one grade isn’t enough to reflect the work of an entire school or district.
The question that dragged down ITT Educational Services—whether its expensive diplomas were leaving students awash in debt while failing to properly prepare them for gainful employment—will continue to hang over other players in the for-profit education industry.
The closure of ITT’s 136 campuses threatens to throw some 29,000 indebted students off their educational tracks, and to saddle taxpayers with nearly a half-billion dollars in losses.
Indiana State Board of Education members were stunned to learn Wednesday that a failing charter school transferred some of its neediest students to a newly created sister school just before the board was expected to decide its fate.
Two employees who were terminated Tuesday as part of mass layoff by ITT Educational Services have filed a lawsuit claiming the Carmel-based firm violated federal law by failing to provide 60-days notice. The suit seeks class-action status for as many as 8,000 employees.
The Indiana State Board of Education on Wednesday must once again decide what to do about one of the state’s lowest-scoring online charter schools.
The company will begin the process of liquidating, which will include selling off its Carmel headquarters and other real estate.
Carmel-based ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses. The company blamed the closure on “inappropriate and unconstitutional” federal sanctions.
Critics worry the accounts would be too unregulated and could divert even more money from public schools.
Elsewhere in Indiana, universities are seeing mixed results with their enrollment.
Under CEO Kevin Modany's stewardship over the past decade, ITT Educational Services Inc. has seen its stock market value drop from $2.9 billion to $8 million.
A new partnership between the Purdue Polytechnic Institute and the Lafayette campus of Ivy Tech Community College might help fill the employment pipeline for the $100 million-plus jet engine plant that General Electric recently built in Lafayette.
