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ITT Technical Institute (ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016.
Credits generally do not transfer between the two types of institutions due to the differing nature of the courses. Many nationally accredited schools must provide statistics for job placement and beginning salaries of graduates as part of the accreditation process.
The academic level of these schools varies by course of study; some courses are geared toward immediate employment in a trade, while others are designed to transfer into a four-year program. Some of these technical institutes are for-profit organizations (such as ITT Technical Institute) compared to most other non-profit educational institutes.
The Biden administration said Tuesday it will cancel the remaining federal student loan debt for borrowers who attended ITT Technical Institute. Biden administration cancels $3.9 billion in ITT ...
All remaining federal loans taken out to attend ITT Technical Institute since 2005 will be automatically wiped out, the Department of Education said. Nearly $4 billion in federal student loan debt ...
Former students of the now-defunct ITT Tech in Illinois will receive student loan debt relief thanks to settlements with Attorneys General across the country.
Transfer credit is not official until an academic officer of the college or university provides a written verification that the award has been accepted and applied on the academic transcript meeting the degree requirement. Transfer credit is not guaranteed when a student transfers from one institution to another.
In September 2016, ITT Technical Institute closed all of its campuses, and the US Department of Education stripped ACICS of its accreditation powers. In 2017, the advocacy group the Debt Collective created its own, unofficial "Defense to Repayment App" that allowed former students of schools accused of fraud to pursue debt cancellation.