Wikimedia Commons/Dwight Burdette
Sept. 6, 2016
Stephen Burd was quoted in Marketplace about adverse effects of former for-profit college ITT Tech's sudden closing:
“So the amount of damage that this company appears to have done is very worrisome,” said Stephen Burd, senior policy analyst at New America. He said ITT’s closing was abrupt — way more sudden than for-profit Corinthian College’s closing for the same reasons last year.
“I’m sure that there are lots of students who have no idea what they’re supposed to do at this point,” he said.
The students have two options. One: keep paying their loans and transfer their credits somewhere else. But even ITT said it's unlikely other schools will accept ITT credits.