Editing ITT Technical Institute (section)

{{Short description|Former for-profit technical institute}}
{{Infobox university
| name = ITT Technical Institute
| image_name = ITT Technical Institute campus Canton Michigan.JPG
| image_size =
| image_alt =
| caption = ITT Tech's [[Canton Township, Michigan|Canton, Michigan]] campus
| motto = Education for the Future
| established = {{start date|1969}}
| closed = {{end date|2016}}
| type = [[Private college|Private]] [[For-profit higher education in the United States|for-profit]] [[Vocational education|technical institute]]
| endowment =
| chairman = Darvey W. Hayes
| chancellor =
| president = Eugene W. Feichtner<ref name="ITT Official Website">{{cite web|url=http://www.ittesi.com/index.php?s=20|title=Management & Directors|access-date=2017-05-23|archive-date=2016-11-14|archive-url=https://web.archive.org/web/20161114080521/http://www.ittesi.com/index.php?s=20|url-status=dead}}</ref>
| vice-president =
| faculty =
| administrative_staff =
| students = 40,015<ref name="yahoo.com">{{cite web|url=https://finance.yahoo.com/news/itt-educational-services-inc-reports-103000451.html|title=ITT Educational Services, Inc. Reports 2016 Second Quarter Results|access-date=2017-01-15|archive-url=https://web.archive.org/web/20170214172722/http://finance.yahoo.com/news/itt-educational-services-inc-reports-103000451.html|archive-date=2017-02-14|url-status=dead}}</ref>
| undergrad =
| postgrad =
| doctoral =
| other =
| city = [[Carmel, Indiana|Carmel]]
| state = [[Indiana]]
| country = [[United States]]
| coor =
| former_names =
| sports =
| colors =
| colours =
| nickname =
| mascot =
| athletics =
| free_label = Campus locations
| free = Approximately 130 campuses
| affiliations = ITT Educational Services, Inc. (1994–2016)<br />[[ITT Corporation]] (1965–1994)
| website = {{URL|itt-tech.info}}
| logo = ITT_TI_logo.PNG
| footnotes =
}}

'''ITT Technical Institute''' ('''ITT Tech''') was a [[Private college|private]] [[For-profit higher education in the United States|for-profit]] [[Vocational education|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.<ref name="ITT 2015 10K">{{cite web|url=https://www.sec.gov/Archives/edgar/data/922475/000119312516504396/d129120d10k.htm |publisher=[[U.S. Securities and Exchange Commission]]|title=Form 10-K Annual Report - For the fiscal year ended December 31, 2015 |date=March 15, 2016}}</ref>

The institute was owned and operated by ITT Educational Services, Inc., a publicly traded company headquartered in Carmel.<ref name="ITT 2015 10K" /><ref>"[http://www.ittesi.com/phoenix.zhtml?c=94519&p=irol-faq FAQ] {{dead link|date=April 2017 |bot=InternetArchiveBot |fix-attempted=yes}}." ITT Technical Institute. Retrieved on November 23, 2011. "Our principal executive offices are located at: ITT Educational Services, Inc. 13000 North Meridian Street, Carmel, Indiana 46032"</ref> The company also owned and operated the [[Breckinridge School of Nursing and Health Sciences]] schools.<ref name="ITT 2015 10K" /><ref>{{cite web|url=http://www.breckinridgenursing.com/campus/|title=Breckinridge School of Nursing and Health Sciences @ ITT Technical Institute.}}</ref>

In 1999, two former ITT employees brought forth a lawsuit alleging the school used illegal recruitment practices, saying the school was "abusing that system for years and ripping off the government for billions of dollars." In 2004,
the Justice Department initiated a criminal investigation into ITT colleges in eight states.<ref>{{cite news |url=https://www.nytimes.com/2016/10/23/business/a-whistle-was-blown-on-itt-17-years-later-it-collapsed.html |title=A Whistle Was Blown on ITT; 17 Years Later, It Collapsed |last=Morgenson |first=Gretchen |date=October 21, 2016 |work=The New York Times |access-date=April 12, 2024 |archive-url=https://web.archive.org/web/20230404025433/https://www.nytimes.com/2016/10/23/business/a-whistle-was-blown-on-itt-17-years-later-it-collapsed.html |archive-date=April 4, 2023}}</ref>

Following state and federal investigations, the [[United States Department of Education]] prevented students from using federally guaranteed student loans at ITT Tech locations in August 2016. All ITT Tech campuses were closed the following month and ITT Tech filed for bankruptcy.<ref name = "Chapter7">{{Cite web | url = http://www.ittchapter7.com/ | title = ITT Educational Services, Inc., et al. | access-date = October 31, 2016}}</ref>

In 2018, ITT Tech's court-appointed bankruptcy trustee sued the United States Department of Education and lenders to repay $1.5 billion in claims against ITT alleging that regulators took advantage of low-income students and neglected their oversight duties.<ref>{{cite web|url=https://www.educationdive.com/news/itt-trustee-sues-ed-department-lenders-to-help-pay-15b-in-claims/533054/|title=ITT trustee sues Ed Department, lenders to help pay $1.5B in claims|website=Education Dive}}</ref> Three years later, the US Department of Education allocated $1.1 billion in relief to an additional 115,000 former ITT Tech students.<ref>{{cite web |title=Extended Closed School Discharge Will Provide 115K Borrowers from ITT Technical Institute More Than $1.1B in Loan Forgiveness |url=https://www.ed.gov/news/press-releases/extended-closed-school-discharge-will-provide-115k-borrowers-itt-technical-institute-more-11b-loan-forgiveness |website=www.ed.gov |publisher=US Department of Education |access-date=9 September 2021}}</ref>