ITT Technical Institute

Infobox_Company
company_name = ITT Educational Services, Inc.
company_
company_type = Public (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=ESI ESI] )
company_slogans =
foundation = 1946
location = Carmel, IN, USA
key_people =
industry =
num_employees =
products =
revenue =
net_income =
homepage = [http://www.ittesi.com/ www.ittesi.com]

ITT Technical Institute (often shortened to ITT Tech) is a private, for-profit, technical institute with 100 campuses in 35 states of the United States. [ [http://www.insideindianabusiness.com/newsitem.asp?ID=29378 ITT Technical Institute Opens 100th Location - Newsroom - Inside Indiana Business with Gerry Dick ] ] 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.

Accreditation

ITT Tech is nationally accredited by the Accrediting Council for Independent Colleges and Schools [cite web|url=http://acics.org/accredited/documents/accreditedinstitutions8.6.08_000.pdf|title=ACICS Accredited Institutions|date=2008-08-05|publisher=Accrediting Council of Independent Colleges and Schools|accessdate=2008-08-26] . It does not have regional accreditation; thus, most regionally accredited or traditional universities and colleges do not accept ITT Tech's credits for transfer and do not recognize its undergraduate degrees for entry into graduate programs. [http://help.yahoo.com/l/us/yahoo/education/courses/distancelearn-09.html "What is the Difference Between Regional and National Accreditation", Yahoo! Education website] ] [http://insidehighered.com/news/2007/02/26/transfer "Tussling Over Transfer of Credit", Inside Higher Education website, February 26, 2007 by Doug Lederman] ] [http://help.yahoo.com/l/us/yahoo/education/courses/distancelearn-09.html "What is the Difference Between Regional and National Accreditation", Yahoo! Education website] ] [http://www.useducation.com.pk/stpages/typesofaccreditation.html "Types of Accreditation", Education USA website] ]

Courses of study

ITT Tech offers programs specialized in information technology, electronics, drafting and design, criminal justice, health sciences, and business administration.

Students of ITT Tech may pursue associate's, bachelor's (all but health), or master's (business-only) degrees. Graduates might be specialized in architectural design, visual communications, programming, engineering and information technology.

Tuition

Undergraduate courses are $425/credit hour online, and $446/credit hour on campus.

The online MBA program is $463/credit hour.

Upon enrollment, there is an Academic Fee of $200, and an Administrative Fee of $100.

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. [ [http://www.ittesi.com/ireye/ir_site.zhtml?ticker=ESI&script=1801 ITT Tech website] ]

Controversy

On February 25, 2004, federal agents, pursuant to subpoenas issued by a Houston U.S. District Court raided the company's headquarters and 10 of its campuses seeking data on student placement, retention, attendance and grades, recruitment and admissions, graduate salaries, and transfers of credits to other schools. No charges were filed, and "no conclusions should be drawn from today's activity". [ [http://www.cnn.com/2004/TECH/biztech/02/26/itttech.subpoenas.ap/index.html Feds serve warrants at ITT Tech campuses, CNN] ] The investigation negatively affected the company's stock and triggered several class action lawsuits by investors. [http://certcities.com/editorial/news/story.asp?EditorialsID=571 "Federal Probe Targets ITT Tech", CertCities March 2, 2004] ] The lawsuits alleged that ITT misrepresented its financial health and failed to disclose numerous deficiencies in order to artificially inflate its reported operational and financial performance." [ [http://www.crn.com/it-channel/18831505 "ITT's CEO Expects Lengthy Federal Investigation, Stock Slips", Channel Web Network, Feb. 26, 2004, Mark Jewell] ]

Campus locations

Alabama:Bessemer (Birmingham)Arkansas:Little RockArizona:Tempe:TucsonCalifornia:Anaheim (the school was previously located in Buena Park, a neighboring city of Anaheim):Clovis:Culver City:Lathrop (Modesto-Stockton):Oxnard:Rancho Cordova:San Bernardino:San Diego:San Dimas:Sylmar:Torrance:Vista (Learning Site):West Covina (Learning Site)Colorado:Thornton:Aurora (Learning Site)Florida:Fort Lauderdale:Jacksonville:Lake Mary (Orlando) (previously known as the Maitland campus):Miami:Pinellas Park:TampaGeorgia:Duluth (NE Atlanta):Kennesaw (NW Atlanta)Idaho:BoiseIllinois:Burr Ridge:Orland Park:Mount ProspectIndiana:Fort Wayne:Indianapolis:Greenwood (Learning Site):Newburgh (Evansville)Kansas:WichitaKentucky:Lexington:LouisvilleLouisiana:St. Rose (New Orleans):Baton RougeMassachusetts:Boston North (Woburn):Boston South (Norwood)Maryland:Owings Mills (Baltimore)Michigan:Canton (SW Detroit):Dearborn (Learning Site):Swartz Creek:Grand Rapids:Troy (NE Detroit):Clinton Township (Learning Site)Minnesota:Eden Prairie (Minneapolis):Woodbury (Learning Site)Missouri:Arnold (SE St. Louis):Earth City (NW St. Louis):Kansas CityNorth Carolina:Charlotte:MorrisvilleNebraska:OmahaNew Mexico:AlbuquerqueNevada:Henderson:Las Vegas (Learning Site)New York:Albany:Liverpool (Syracuse):Getzville (Buffalo)Ohio:Dayton:Hilliard (Columbus):Maumee (Toledo):Norwood (Cincinnati):Strongsville (W. Cleveland):Warrensville Heights (E. Cleveland):YoungstownOklahoma:Oklahoma City:TulsaOregon:PortlandPennsylvania:Bensalem (NE of Philadelphia):Dunmore (Wilkes-Barre/Scranton):King of Prussia (NW of Philadelphia):Mechanicsburg (Harrisburg):Monroeville (Eastern Pittsburgh):Pittsburgh (Western Pittsburgh)South Carolina:Columbia:GreenvilleTennessee:Knoxville:Cordova (Memphis):NashvilleTexas:Arlington (Fort Worth):Austin:Houston North (Blue Ash Drive):Houston South (Webster):Houston West (South Gessner):Richardson (Dallas):San AntonioUtah:MurrayVirginia:Chantilly (N VA/West of DC):Norfolk:Richmond:Springfield (N VA/South of DC)Washington:Everett (North Seattle):Seattle (South Seattle):SpokaneWisconsin:Green Bay:Greenfield (Greater Milwaukee):Madison

References

External links

* [http://www.itt-tech.edu ITT Tech website]
* [http://www.ittesi.com ITT Educational Services Inc. website]
* [http://www.acics.org Accrediting Council for Independent Colleges and Schools website]