The impact of ITT Tech's Shutdown; the silent disruptor in higher ed and more
From the shutdown of ITT tech to the backstory of how a college president brought gender parity to STEM, here’s a roundup of some recent posts creating buzz on LinkedIn.
For-profit Takedown: ITT tech announced that it would shut down its more than 130 campuses in the U.S. and eliminate some 8,000 employees. The for-profit college blamed the U.S. Department of Education’s move to ban it from enrolling new students who use federal financial aid. This comes after the department’s wider crackdown on for-profit schools such as Devry and Corinthian Colleges.
John King, the U.S. Secretary of Education, wrote this open letter to ITT Tech students:
"Restarting or continuing your education at a high-quality, reputable institution may feel like a setback today, but odds are it will pay off in the long run."
We asked LinkedIn members to weigh in on the abrupt closing using #ITTtech.
This author, who served on ITT’s advisory committee, wrote that he was troubled by the shutdown and worried about the skills gap that might be created as a result.
A former employee who worked in financial aid defended the institute that gave her her start. She wrote,
"I'll never hang my head in shame for having worked at ITT."
However, this University of Phoenix professor is worried about the impact the shutdown would have on students.
Prior to the announcement from ITT, another educator explained why attacking for-profit college and universities is bad for the entire higher education space.
Dollars and Sense: With all the focus on for-profit schools, this higher education expert turns his attention to policymakers who are ignoring the billions of taxpayer dollars being pumped into public universities with dismal ROIs.
Supplying the Shortage: Our new economy editor Caroline Fairchild spoke to the president of Harvey Mudd College to get the scoop on how she brought gender parity to computer science.
Silent Disruptors: Despite disruption in the higher education space, this ed-tech founder and CEO explains why universities are actually best positioned to offer web-development and other technical skills training at scale.
Best Advice: As students start college this fall, KPMG International Chairman John Veihmeyer pens an open letter to his freshman self.
Catch up on the previous education roundup here.
#EdInsights
Strategic Leader | $500M+ Value Creation | AI & Operational Excellence in Energy, Finance & Technology | Experienced Non-Profit Executive
8 年The thing about for-profit schools is that you can't fail out, like you can at legitimate universities and colleges. It isn't in the interest of the for-profit school to lose a customer. Yes, you are not a student to them; you are a customer. There is a profit motive to keep you there. They aren't trying to teach you for a social purpose; rather, they are trying to deliver a service in hopes that you will be a returning customer and continue paying their ridiculously over-priced tuition (relative to the garbage education you are receiving).
Director Of New Business Development at TigerPress
8 年It's scary how many of these schools close abruptly. Some don't shock me, but ITT Tech is one of them. I don't much about a lot of them, but ITT seemed pretty solid. I hope P & C isn't next because some of these schools provide an alternative to the traditional 4 year institutions for many young people. Not everyone wants or needs to study marketing etc. We need more young people studying a trade i.e. welders.
Lead Designer - Engineered Wood Products Technician
8 年2 year associates and I am still illiterate :/