CARMEL, Ind., Dec. 1, 2015 /PRNewswire/ -- ITT Technical Institute campuses have been awarded
a certificate of excellence from USA Funds for achieving a reduction in its
federal student loan default rate. ITT Technical Institutes'
average three-year cohort default rate improved from 22.1 percent
in 2011 to 18.7 percent in 2012, according to the most recent rates
reported by the U.S. Department of Education.
"The lower student loan default rate reflects ITT Tech's commitment to providing quality student
support services. To advance our commitment, we provide student
loan repayment advising services to students," said Michael Holtman, senior director of student
services and academic support center at ITT Educational Services,
Inc.
ITT Technical Institute integrates
USA Funds Borrower Connect™
solutions to provide outreach and counseling to student loan
borrowers to help more former students successfully repay their
loans. "We are pleased to partner with ITT
Technical Institute and contribute to its default prevention
success," said Craig P. Anderson,
USA Funds senior vice president,
business development.
USA Funds is a national
nonprofit organization that works to enhance postsecondary
education preparedness, access and success by supporting students,
colleges and universities.
For more information on ITT Tech's
student support services, visit
https://www.itt-tech.edu/why-itt-tech/.
About ITT Educational Services, Inc.
ITT Educational
Services, Inc. (NYSE: ESI) provides technology-oriented
undergraduate and graduate degree programs through its accredited
postsecondary institutions, ITT Technical
Institutes and Daniel Webster College, to help students
develop skills and knowledge that they can use to pursue career
opportunities in a variety of fields. It owns and operates more
than 130 ITT Technical Institutes and Daniel
Webster College. ITT/ESI serves approximately 48,000
students as of September 30, 2015 at
its campuses in 39 states and online. Through the Center for
Professional Development @ ITT Technical
Institute, ITT/ESI provides short-term information
technology and business learning solutions for career advancers and
other professionals. Headquartered in Carmel, IN, ITT/ESI has been actively involved
in the higher education community since 1969 and can be found
online at www.ittesi.com.
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SOURCE ITT Educational Services, Inc.