7 years ago
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A 32-year-old disabled vet thought ITT Tech was his ticket out of poverty — his story shows everything wrong with for-profit colleges
It’s not easy to reach Brandon Straub these days. The 32-year-old doesn’t own a cellphone, let alone a landline, and recently, his days revolve around finding buyers for the belongings he's selling on Craigslist. With $30,000 in student loans, among other debts, he’s planning to file for bankruptcy. Straub, a veteran of the war in Afghanistan, is one of nearly 40,000 students affected by one of the largest collapses of a for-profit college.
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You can't discharge student loans in bankruptcy. Sorry. It seems this guy is just a poor decision maker. When I was going back to school to get my degree I looked at ITT Tech. This was in 1996, before we had the ability to search the Internet and get quick answers. It didn't take me long at all to find out that ITT Tech was a scam. They created their own accreditation association, then accredited themselves. I can't believe how many people fell for their scam. In industry the running joke about ITT Tech is that somebody has to train the VCR repairmen.