ITT Technical Institute

ITT Technical Institute (often shortened to ITT Tech) is a private, for-profit, technical institute with 100 campuses in more than 34 states of the United States. 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. , a publicly traded company.

Accreditation

ITT Tech is nationally accredited by the Accrediting Council for Independent Colleges and Schools. 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.

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 Associates, Bachelors (all but health), or Masters (business-only) degrees. Graduates might be specialized in architectural design, visual communications, programming, engineering and information technology.

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.

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". The investigation negatively affected the company's stock and triggered several class action lawsuits by investors. 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."

ITT Technical Institute (often shortened to ITT Tech) is a private, for-profit, technical institute with 100 campuses in more than 34 states of the United States. 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. , a publicly traded company.