From TFA: "Other former students are pushing to have their debts canceled by alleging that the company defrauded them into taking out the debt by advertising false job-placement rates."
That's the problem. Maybe I'm in the minority but everyone I know has like less than $10k in federal loans and $40k or more in private loans.
I can't figure out how I end up reading about people with $100k in federal student loan debt that get forgiveness for working for the government. How the hell did you manage to get THAT much in federal subsidized money? The only way I could go to school was by using private loans. My wife has private loans at 13% adjustable...
One way was going to graduate school. You can get federal loans for grad school at up to the entire cost of attendence. For law school or medical school that's 80k a year.
Thanks, I took a look, and that's great information for any current student, or students with outstanding loans. However, I was mostly joking; I've actually already paid them off completely, years ago, which wouldn't have been possible without my lovely wife. So the word "refund" was used purposefully, and getting one is likely improbable, haha.
For years it was always a struggle of bashing ITT with my colleagues/the internet, but talking them up with potential employers. The only thing $40k of debt got me was the perceived prestige an employer likely already had of ITT. Now that they're defunct there's definitely no up-selling them.
I graduated in 2005 from ITT in Pittsburgh and the total cost was a hair under 28K. I got a few grants, but had less than 20K in debt when I graduated. Was the pricing really that different where you went?
Also, that was over 10 years ago. I haven't had any employer really care that I went to ITT. Honestly in the last 5 or 6 years no employer even asked where I went. Where I am now most care about real world experience; not where you graduated.
Pittsburgh 2006 and I had about 40k in loans. Paid off my loans and have about 20k left to pay on my moms parent plus loan.
As for the employment situation. I think I might get filtered out simply for not having a BS sometimes. Sometimes I leave education off my resume and then I can discuss it when the recruiter calls and explain WHY I went there.
Other than that I just climbed the industry ladder over the last 10 years to put me into a decent position (six figures). At this point I do think the experience is way more valuable than the degree but I do lack some basic CompSci knowledge. I can't justify going back to school since the credits don't transfer and I make too much to justify additional debt. The ROI just isn't there.
The classes at ITT Greentree were laughable. I learned more just tinkering on my own. They were so easy to pass and you could tell the instructors were used to underachievers. I don't think they were allowed to fail anyone, even for lack of attendance. There seemed to be a large presence of ex-military spending their grants on the school too.
I had 1 instructor that was really good but all the students hated him. Another was fired for doing lines in the bathroom after I graduated. He would always stop class and send people to get little ceasar's cheesy bread. I knew he was on something. One day he went into a rant about how beautiful our hardback RDBMS book was. He never had us actually open the books but told us how gorgeous they were. That guy was so high.
I'm highly interested in seeing if there will be any forgiveness of debt for fraudulent practices.
'The classes at ITT Greentree were laughable. I learned more just tinkering on my own. They were so easy to pass and you could tell the instructors were used to underachievers.'
I was at Moon. I worked there as a lab assistant and became friends with the instructors. I approached a few about this, and was told in confidence they are not allowed to fail students without approval from the director. Really, the only grounds for not passing were never (literally) showing up for class. If a student came just once they had to find a way to pass them. Usually this meant I had to tutor them.
Dayton OH, no grants or anything. I've listed ITT on my resume, but never had a real discussion with an employer about it. They see Deans List (laughably easy) and just check their box. As the adjacent poster was saying, I may just leave them off future resumes, or put my degree as a footnote. Being a Web Developer for well over 10 years at this point trumps the value of any degree.
I think my only point was that it's _only_ value was what employers thought of them, which had a low rank on the value scale as it was, and now even that's gone. At this point I spent 40k for _literally_ nothing.
So it looks like you might have a chance.