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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.
The failures of Corinthian Colleges and ITT Technical Institute were the most remarkable closings. [44] ... In 2016, average estimated annual student costs (excluding ...
Vocational schools in the United States are traditionally two-year colleges which prepare students to enter the workforce after they receive an Associate degree.Students may also use courses as credit transferable to four-year universities.
The announcement, which affects 40,000 students and 8,000 employees, is one of the largest college closures in US history.
ITT Corp. – In 1997, ITT Corp. completed a merger with Starwood, which wanted to acquire Sheraton Hotels and Resorts. Starwood sold ITT World Directories to VNU. [49] ITT completely divested from ITT/ESI by 1999, but continued to license the ITT Technical Institute name to ESI [50] until its demise in 2016. [51]
Faced with the loss of educational accreditation and federal funding, which would have forced it to close, [7] [8] it was acquired by ITT Educational Services, Inc., the parent company of the ITT Technical Institutes, [9] in June 2009 for US$29.3 million. [7] [8] [10] The new owner converted the college to a for-profit institution. [11]
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