Five years ago ITT Educational Services had revenues of $1.5 billion and profits of $300 million. Of course, it was nothing but a scam diploma mill totally dependent upon Federal student loans. It’s stock traded for $77 per share. Yesterday the Feds said they would no longer fund federal loans to this diploma mill. It’s stock this morning is trading at 64 cents. And it’s gone!!!
Guess who will be picking up the tab for all the loans doled out to the brainless twits who enrolled at ITT during the reign of Obama? YOU!!!
I wonder who was writing articles about this diploma mill scam years ago? Who coulda knowed?
University of Phoenix is next.
http://www.theburningplatform.com/2012/06/01/seven-years-of-college-down-the-drain/
http://www.theburningplatform.com/2012/10/21/dysfunctional-dishonest-insane-intolerable/
http://www.theburningplatform.com/2013/02/06/all-is-well-3/
http://www.theburningplatform.com/2015/03/01/breaking-bad-debt-episode-three/
http://www.theburningplatform.com/2016/03/19/the-great-student-loan-scam/
