The news today wasn’t good for the 35,000 students expecting to start with ITT Technical Institute this month. And the news is worse for the 8,000 employees who will now be looking for work as the trade education provider announced they were closing all of the 130 campus locations across 38 states.
It got me thinking today on the radio that there’s a culture in our nation and in our education system that drives every student toward college. That culture is misguided and detrimental to an entire generation of young people getting to the age where they have major life decisions to make. Around 70% of college students take on debt in order to pursue their higher education. As many as 1 in 5 graduate with more than $50,000 in debt with nearly a third of those with debt in excess of $100,000.