It’s easy to forget how important education is these days, as the economy continues to falter. With joblessness on the rise, and families struggling to keep their heads above water, it’s no wonder people are looking into colleges that are available for profit. These types of schools are very popular with parents who want to provide their children with the education they need to get a good job in this tough economy. However, ITT Technical Institute isn’t like most other schools. While there are some similarities, the differences between these two branches of training aren’t so much about the school itself, but the student loans used to fund it.
There are good reasons for a for-profit college to offer student loans. For one thing, there’s usually no public funding for the college. In order to keep the classes going, students must rely on their own funds, which many times means taking out student loans. A for-profit college offers the flexibility of not having to rely on federal funding for its operations, but it does have a different way of getting those students through school.
Student loans are generally offered by private companies that are highly leveraged by the federal government. For each loan, the federal government requires that the student must make timely payments on it. That’s why if you’ve been denied for student loans recently, it’s likely because the government no longer requires lenders to make payments on them. It’s also why there’s a waiting list for student loans, as thousands of students wait for their chance to receive an award.
The ITT Technical Institute has a different approach to financing. First, unlike most for-profit colleges, it doesn’t make student loans. Instead, the ITT Technical Institute collects fees from students who attend the school and from parents who send their children there. These fees are then used to pay for all of the ITT’s expenses, including its faculty, staff, and facilities.
By using its revenues to maintain its educational mission, and not to make student loan payments, the ITT Institute is able to offer better quality for its students. By focusing on accredited courses, maintaining its accreditation, and enrolling those who may not otherwise be able to afford the kind of higher education they may need, ITT can provide its students with a higher level of quality than other for-profit colleges offer. ITT’s online program, which lets students take classes from their computer at home, eliminates any travel time required for them to go to class. This enables them to get their degree quicker, which means students finish faster and get a higher grade too.
In addition to these unique qualities, ITT colleges also offer their graduates a way out of the job market after graduation. Students who become unemployed or find that their jobs don’t match their careers often feel stuck and confused about where to go. ITT allows graduates to put their skills to work in a corporate setting, helping employers find qualified workers who may not otherwise have been available. ITT’s online training allows those who graduate to find work almost immediately.
ITT is a unique example of a for-profit college that’s able to thrive even when times are tough. They’ve managed to grow their business even when other schools have folded in tough economic times, and when other schools have shut down completely. ITT is a key part of the higher education system and has managed to survive and thrive during tough times. It offers an education that is relevant and valuable to employers, while still offering graduates a high degree of flexibility and convenience.
ITT’s online degree program is unique and flexible, offering ITT students the chance to gain a bachelor’s degree, master’s degree, or certificate without the hassle of relocating. With ITT’s stable financial outlook, and plans for expansion in the future, it looks like ITT will continue to offer quality education at affordable prices for years to come. ITT for profit colleges are positioned to take advantage of a troubled economy, and help people to equip themselves for a bright future by training them for a new career today.