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| ==Controversy== | ==Controversy== | ||
| ITT Technical Institute has been involved in several controversies over its business and academic practices.<ref></ref><ref name="fedcert"></ref><ref></ref><ref>City of Austin Police Retirement System v. ITT Educational Services, Civ. Action # 1:04-cv-00380 (S.D. Ind. Complaint filed February 26, 2004).</ref><ref name="law"></ref><ref></ref><ref></ref><ref>U.S. ex rel. Robert Olson v. ITT Educational Services, Inc (S.D. Ind. Complaint filed April 8, 2004) and reported in ITT’s 2004 Annual Report. ITT reported that the U.S. Department of Justice had declined to intervene in the litigation.</ref><ref></ref> <ref name="annual99"></ref> <ref name="10q"></ref><ref name="424b4"> </ref> | |||
| In August 1998, 15 former students alleged misrepresentation, fraud and concealment by ITT arising out of their recruitment and education at ITT campuses. In September 1998, ITT settled all of the claims of the 15 claimants.<ref name="424b4">''''</ref> | In August 1998, 15 former students alleged misrepresentation, fraud and concealment by ITT arising out of their recruitment and education at ITT campuses. In September 1998, ITT settled all of the claims of the 15 claimants.<ref name="424b4">''''</ref> | ||
Revision as of 12:08, 12 March 2009
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| Company type | Public (NYSE: ESI) |
|---|---|
| Founded | 1946 |
| Headquarters | Carmel, IN, USA |
| Website | www.ittesi.com |
ITT Technical Institute (often shortened to ITT Tech) is a private, for-profit, technical institute with 105 campuses in 37 states of the United States. It was founded in 1946 as Educational Services, Inc. and has been headquartered in Carmel, Indiana, since 1969. ITT Tech is owned and operated by ITT Educational Services Inc. (NYSE: ESI), a publicly traded company. ITT Educational Services, Inc. (ESI) was spun off by ITT Corporation through an initial public offering in 1994, with parent company ITT as an 83% shareholder.
Accreditation
ITT Tech is nationally accredited by the Accrediting Council for Independent Colleges and Schools.
Courses of study
ITT Tech offers programs specialized in Information Technology, Computer Electronics, drafting and Design, Criminal Justice, Health Sciences, and Business Administration.
Students of ITT Tech may pursue Associate's degree AAS, bachelor's BS (all but health), or master's (business-only, online) degrees. Graduates might be specialized in architectural design, civil and mechanical drafting, visual communications, graphic design and animation, programming and networking, computer engineering, electronics and information technology.
Online programs are also available.
ITT, the business
From 1965 until its IPO in 1994, ITT Tech was a wholly owned subsidiary of ITT Corporation (as "ITT/ESI"). By 1999, ITT Corp. (which had merged with Starwood the year before) divested itself completely of ITT Tech's shares but the schools still use the "ITT" name under license.
Controversy
ITT Technical Institute has been involved in several controversies over its business and academic practices.
In August 1998, 15 former students alleged misrepresentation, fraud and concealment by ITT arising out of their recruitment and education at ITT campuses. In September 1998, ITT settled all of the claims of the 15 claimants.
On February 25, 2004, federal agents raided the company's headquarters and 10 of its campuses. The investigation negatively affected the company's stock and triggered several class action lawsuits by investors.
In October 2005, ITT agreed to pay $725,000 to settle a lawsuit with California in which employees alleged that it inflated students’ grade point averages so they qualified for more financial aid from the State of California.
Campus locations
References
- ITT Educational Services, Inc. Announces the Opening of its First College in West Virginia Expanding the Company's Reach into 37 States MarketWatch, November, 14 2008
- "ITT Educational Services, Inc. Company History". Funding Universe. 2008-07-09. Retrieved 2008-12-16.
- "ACICS Accredited Institutions" (PDF). Accrediting Council of Independent Colleges and Schools. 2008-08-05. Retrieved 2008-08-26.
- ITT Tech website
- Feds serve warrants at ITT Tech campuses, CNN
- ^ Federal Probe Targets ITT Tech, CertCities March 2, 2004
- ITT's CEO Expects Lengthy Federal Investigation, Stock Slips, Channel Web Network, Feb. 26, 2004, Mark Jewell
- City of Austin Police Retirement System v. ITT Educational Services, Civ. Action # 1:04-cv-00380 (S.D. Ind. Complaint filed February 26, 2004).
- Making The Numbers Count: Why Proprietary School Performance Data Doesn’t Add Up and What Can Be Done About It National Consumer Law Center, June 2005, Deanne Loonin and Julia Devanthéry
- ITT, Calif. Settle False Claims Lawsuit, Inside Higher Education, Oct. 18, 2005, Doug Lederman
- ITT Tech accused of misreporting grades, Daily Bruin, October 19, 2005, Lauren Gabbaian
- U.S. ex rel. Robert Olson v. ITT Educational Services, Inc (S.D. Ind. Complaint filed April 8, 2004) and reported in ITT’s 2004 Annual Report. ITT reported that the U.S. Department of Justice had declined to intervene in the litigation.
- Suit may have led to probe: criminal inquiry puts ITT Educational in peril., Goliath, March 8, 2004, Greg Andrews
- ESI Annual Report Filed: 2/19/1999
- Itt Educational Services Inc · 10-Q · For 3/31/98
- ^ Itt Educational Services Inc · 424B4 · On 1/27/99 Cite error: The named reference "424b4" was defined multiple times with different content (see the help page).
- Feds serve warrants at ITT Tech campuses, CNN
- ITT's CEO Expects Lengthy Federal Investigation, Stock Slips, Channel Web Network, Feb. 26, 2004, Mark Jewell
- ITT, Calif. Settle False Claims Lawsuit, Inside Higher Education, Oct. 18, 2005, Doug Lederman
External links
- ITT Tech website
- ITT Educational Services Inc. website
- ITT Online Student Web Page
- ITT Tech Student Portal
- ITT Tech Virtual Library
| Colleges and universities in the Indianapolis metropolitan area | ||
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| Public institutions |  | |
| Private institutions |
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| For-profit institutions | ||
| Defunct | ||
| Footnotes | The ‡ symbol denotes institutional branches whose main campuses are located outside the Indianapolis metropolitan area. | |
| Colleges and universities in Metropolitan Evansville | ||
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| NCAA Division I |  | |
| NCAA Division II | ||
| Vocational colleges & satellite campuses (NCAA) (NJCAA) | ||