Information About For Profit Colleges
Non-profit colleges operate just like any other corporation; therefore, the owners and managers expect the college to turn a profit as soon as possible. Although such colleges strive to provide a quality education to each student, for profit colleges sometimes can’t afford to bleed so much red ink at the close of the fiscal year. When a college operates like a business, it means that it must make a profit in order to stay in business. Sometimes these operations lose money through unexpected expenses like student loan defaults and late fees and end up having to cut back on some of their services in order to stay afloat. If you’re thinking about attending an ITT Technical Institute, it is important to know that you have several options to help you with your financial troubles after graduation.
One way for students to make up for the tuition costs at non-profit colleges is to get a FAFSA, (Free Application for Federal Student Aid). This form is filled out by the student who wishes to attend one of the schools that offer an accredited degree program. Each year, the government allows every student who wants to go to an accredited school to apply for free financial aid based on family income and various other factors. If you want to take advantage of this opportunity, you should start by filling out your FAFSA as early as possible. It doesn’t hurt to begin filling out forms as soon as you start attending classes as most first-year students don’t finish the paperwork until their junior year, which means that you may be late filing by the time you need help.
Another way for students who attend ITT Technical Institute for financial assistance is to contact their community financial aid office. The financial aid office of many non-profit universities and colleges can often directly provide funding for tuition and related costs for their students. You should ask the ITT Technical Institute for more information regarding their community assistance programs. There are also some private foundations that provide grants for students who are unable to pay for their tuition in a traditional manner.
Many people are confused about ITT Tech’s mission when they hear that it is a for-profit college. It is true that the majority of their students are not given the option of going to a traditional college for their education, but that is because those students qualify for federal student loans or grants. ITT offers quality degrees and technical training to people who would otherwise be unable to attend a four-year college. While they do receive grants for students, these funds are limited and they are given to students only after they have finished their degrees. It is not fair for the students who have worked hard to achieve a four-year degree to receive financial aid for something that they never had to pay for out of pocket.
There are some things that ITT Technical Institute does that is very suspicious. They advertise their degree as a “technical” degree, even though it is a two-year associate’s degree. They claim to be a “secured” college, which is false. ITT only provides credit to students who have a security guard certification and can pass a background check. If an applicant has a criminal record, they will not be considered for credit at any for-profit colleges.
ITT is not the only for-profit college that does this type of thing. At the University of Phoenix, students are encouraged to obtain a certificate or diploma from a company that does not make the product. At Cedar Crest College, you can get a credit card with a giant for-profit college logo on it for those who want to get a quick degree without going to school. ITT Tech claims that they are an accredited institution, but if you look at their website, it does not appear to be an accredited school, even by the government. They are a for-profit college and should be avoided by anyone who wants an education without paying tuition.
At Colorado Technical Institute, you can get a credit card with a Star for Star System on it for those who want a quick certificate or degree. ITT Technical Institute is also a for-profit college, and they advertise that fact on their website. There are other for-profit colleges such as Kaplan University, which is not accredited, and they should be avoided.
There are a number of reasons that a person should be wary of ITT Technical Institute and similar profit colleges. Some people do not like to work for someone else to give them a certificate, or they simply cannot pass a background check. These two reasons alone should be enough to steer someone away from any college that claims to be an ITT or another for-profit college. Any legitimate college should offer a detailed application process, provide financial aid to those who qualify, and not require a high degree in order to get credit or a degree.