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Multi-state settlement relieves debt for ITT Tech students. https://www.dispatch.com/news/20200915/multi-state-settlement-relieves-debt-for-itt-tech-students
In 2016, the same year ITT closed its campuses, OH spent more than $1.1 million from the state’s only need-based student aid program (OCOG) at ITT Tech. That is slightly more OCOG than the state’s entire two-year public system received in that year https://www.policymattersohio.org/research-policy/quality-ohio/education-training/higher-education/risky-business-for-profit-education-in-ohio
In 2017 @PolicyMattersOH found that only 3/10 most commonly offered career college programs have typical graduates earning enough to eliminate the need for food assistance for a family of three. https://www.policymattersohio.org/research-policy/quality-ohio/education-training/higher-education/risky-business-for-profit-education-in-ohio
For-profit grads typically make less but have more debt than their public-school counterparts. These schools target Black and broke communities that are segregated from traditional higher education often “LEAVING THEM WORSE OFF” https://www.aspeninstitute.org/blog-posts/worse-off-than-when-they-enrolled-the-consequence-of-for-profit-colleges-for-people-of-color/
Ohio’s financial aid policy incentivizes enrollment in for profits that likely add to already disadvantaged students’ burden. Some improvements have been made since this paper came out in 2017- including a small expansion of need based aid to community college students.
Policymakers should clean up these rules in the next state budget—let’s get some common sense regulations on the books and suspend financial aid to bad actors.
To really move the dial-Ohio needs a student aid plan that doesn’t double down on existing inequity. We’ve got a plan for that...
The state can make college affordable, significantly increase attainment, and reduce the student debt burden, by enacting a well-targeted, holistic need-based aid program @VWJackson00 https://www.policymattersohio.org/research-policy/quality-ohio/education-training/higher-education/ohio-promise-equitable-free-college
P.S. Would love to redo the career college report, but the DeVos Dept of Ed gutted the rule that made the data public. https://www.google.com/amp/s/fortune.com/2020/02/06/betsy-devos-gainful-employment-rule/amp/
