Complaint / review text:
My name is Mark. I attended ITT Technical Institute from 2006-2008 at the Norwood, OH campus. I obtained an Associate's Degree in Computer Aided Drafting and Design. After graduation I found a job in my field at a cabinet company. After two months, I was demoted and my hours were cut. I worked in my career for a whopping total of 2 months and haven't used my degree since. I went back to the ITT Career Placement Center multiple times and told them I needed help finding a job. They got me one interview at a temporary agency. The rest of the time they said that they had nothing and were unable to help me. I did get several other interviews from submitting countless resumes online and nobody would hire me.
I am now working for a factory and barely making $30,000 a year.in six years I have never used my degree again. When I graduated in 2008 I owed $41,500 in loans. At this writing I owe over $45,000. Right now I am paying $255 a month on just the private loans. The rest (the government loans) are all in deferment because I cannot afford to pay on all of them. The private loans, according to multiple discussions with Sallie Mae then later Navient, were not eligible for deferment. I was set up on graduated repayment plans over a period of 5 years until they were exhausted. You can get a forbearance on these loans but only four times, and you have to pay $50 per loan. And to be quite honest, I am not even sure I signed up for these type of loans. They were not explained to me at all and when I had questions about what I was signing, the financial aid adviser rushed me through the process.
All I know is I graduated in 2008 and I still owe over $43000. I paid $161.50 a month for over 6 years and now I am paying $255. Where have these payments gone to??? I want it noted that I have never once went into default with these loans. Because of these loans and the restrictions they have, I cannot pay the government loans back until I pay this loan. I cannot go to a regular school and get an actual valid degree because I simply cannot afford to. This whole experience has left a devastating impact on me and I am afraid for my own child to go to college. It is a horrible feeling to know you are going to be in debt for the rest of your life.
ITT used deceptive recruitment practices to lure students into enrolling to receive their federal financial aid. These students then receive none of the valuable career skills for which they enrolled in the program and they leave with enormous amounts of debt. Subsequently, they can't find a job, they default on their loans, and taxpayers dollars are wasted in the process, all while these companies continue to profit off of student loan debt and federal financial aid. Only by my wife working and me working together, and the grace of a higher power, we are not in the situation many people we talk to are in.
I will not dispute that I do owe the government money. I did go to school for two years on their funding but I do believe I was deceived about the type of private loans I had. I was told I would be making a good living as a draftsman and that it would be a solid foundation when I wanted to go on and be an architect. It was all lies and I have paid a heavy price for these lies to my pride. ITT built an empire on broken promises and shattered dream and they used federal monies to do it. I was the first in my family to graduate from "college." What a laugh ITT has had at my expense. Thank you.