Political Quotes

“Mr. President, this has been a big week in Chicago and the Midwest, in fact, across the country, as some 35,000 students who attended ITT Tech have finally come to realize that school is closing and many of them have to assess now what their lives will be from this point forward. In my hometown of Springfield, IL, there was a large sign in the local shopping mall ``ITT Tech,'' and I used to drive by and look at it, thinking: I know how this story is going to end, and it will not be good. It turns out some 750 students signed up at this for-profit college in the State of Illinois and, as I mentioned, many outside the State, and many of them were fleeced, literally. In this situation, they offered them an associate's degree at the ITT Tech campus at the White Oaks Mall in Springfield. There were several courses, one in communications, another one in computers. The tuition charged at ITT Tech for a 2-year associate's degree was $47,000. If those same students got in their cars and drove 15 minutes away, they would have been at Lincoln Land Community College. The same course is offered not for $47,000 for a 2-year career degree but less than $7,000. These students did not know better. They thought they were in good hands. They signed up for these loans, and now the school has disappeared.…”