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How ITT Tech Screwed Students and Made Millions ( 321

An anonymous Slashdot reader shares "a grim story about a company that screwed poor people, military veterans, and taxpayers to turn a profit." Gizmodo reports: By the time ITT Technical Institute closed its doors earlier this month, the for-profit college had been selling tenuous diplomas at exorbitant prices for more than 20 years...burying low-income and first-generation students in insurmountable debt, and evading regulators since the early 1990s...
ITT collected $178 million over two years just in federal education funding for veterans -- even while the company projected 33% of its students would ultimately default on their loans -- and last year 70% of the school's total revenue came directly from federal financial aid programs. Gizmodo spoke to one student who "will now spend the rest of his life paying back loans for a degree that is practically useless," after compounding interest turned his $70,000 loan into $200,000 in debt. "Like all of the former students interviewed by Gizmodo, he was placed in a job that did not require professional training" -- specifically, a game-testing position that didn't even require a high school diploma, while ITT "placed" another student in a $5.95-an-hour telemarketing job. Her assessment of ITT? "It was totally worthless."

Comment Re: Echo chamber (Score 1) 850

Obama was hot stuff in 2008 and not so hot today

Seriously, what is your financial situation today vs 2008? I'm really interested in the details here. I'll provide mine in the same way Trump WILL NOT. Provide details of how you were so oppressed over the last 8 years or shut the fuck up.

In 2008 my gross income was maybe ~130K. Last year it was 450K+. What possible fucking reason do I have to regret the last 8 years? I should love Trump's positions, but I have the extra personal burden of social MORALITY. Gotta admit, Obama was a reasonably socially liberal and pitifully financially conservative President. Based on his own statements Trump would be a horribly socially AND financially REGRESSIVE President.

I probably could have dropped the mike there, but can't... I realize I have been extremely fortunate compared to the average in the last 8 years (I am not in the 1%, but definitely the 2-3%) and have donated significantly to various charities. Have you? We know Trump hasn't, outside of his charity that paid for various lawsuits...

Comment Re: Echo chamber (Score 1) 850

We were not discussing getting AWAY from politics, but discussing IT intelligently. To be honest /. is in the 90th percentile in that compared to most other social media sites.

If you want to get AWAY from that, I totally agree to play a game, have fun, and stay off the big boy discussions. Two different things.

Comment Re:So basically... (Score 1) 634

The reason it is so shocking that things are so polarized in this election, though, is not that it's the usual minor distinctions between white conservatism and white liberalism that was the last election - it's that the (so called) conservative candidate has dredged up divisive racial and religious issues most of the first world thought was dealt with - and HE GOT MASSIVE SUPPORT FOR IT.

And further, the Euro-literati who thought this was a local American affectation soon realized it is spreading. Why? Because the distribution of wealth today is moving away from the prosperous 50's-60's and back to where it was in the early 1900's. Why should it be any surprise that those affected are not reacting to that!?

Comment Re:So basically... (Score 1) 634

And sure, it is your right to not to business with someone you don't agree with, but that makes you an even bigger idiot because that's not how a society will function. It's more Kindergarten behavior.

Not doing business with people you don't agree with is childish? If you have absolutely no moral standards, I guess. But if you do, it seems like the absolute BEST way to express your opinion to the oligopoly given voting is practically useless towards government policy unless money is attached to it...

Comment Re:So basically... (Score 1) 634

Picking and choosing has a down-side too.

Absolutely is does. And apparently they decided the combination of morals + market was advantageous to call out their interpretation of hatred instead of staying silent.

VR is currently a self-selecting market of affluent tech-savvy people. I'd imagine that combination is easily 75%+ are against shitposting Clinton (whether they are Democrats or just decent people).

Honestly I own a Rift, and when I heard this story I was basically ready to dump it for a a Vive unless Oculus (or really FACEBOOK) responds to this stupidity very soon. If you are a supporter of free speech I assume you are also a supporter of free market. Piss off your customer base at your own peril.

Comment Re:Anti-Hillary is not Pro-Trump (Score 1) 850

So far, many more people who have supposedly blasphemed Islam have died for blaspheming it than people have died for supporting Islam.

in America (to be clear)

No, NOT in America, that's his whole (somewhat debatable, but possibly statistically true in the short term) point. Can't believe I need to explain *his* point, but it was that Muslims supporting Sharia law (or Taliban/ISIS controlled regions) have killed more people for blasphemy than have themselves been killed. OBVIOUSLY very few people have died in America for blasphemy or Islam.

Comment Re:Anti-Hillary is not Pro-Trump (Score 1) 850

I am the OP - and I didn't say Trump defended internment camps, I said Trump supporters, which is trivially true if you want to look it up. Man your reading comprehension failed on this one...

And while Trump didn't say he supported internment camps, he did say this direct quote: “what I’m doing now is no different than F.D.R. I mean, take a look at what F.D.R. did many years ago, and he’s one of the most highly respected presidents.”

Respected for some things, yes, but certainly NOT for Japanese internment camps! I mean holy fuck, if you are going to compare yourself to FDR, that's probably the SINGLE WORST THING you could pick.

Comment Re:Anti-Hillary is not Pro-Trump (Score 1) 850

No, she actually wasn't. You're either too stupid to understand that, or you're to gullible and believe your own bullshit. This is exactly what i've said for the past year.. the only thing the GOP has going for them is stupid people who vote for them. They lie and cheat, then project that onto the democrats.... and their stupid, fucked-in-the-head base laps it up like the mental midgets they are. You've listened to the GOP pundits for a couple decades now undermine the Clintons, and democrats in general, and now you have your head so far up your ass you can't even see reality.

Oh, and that's not actually irony, just an FYI there.

And, as normal, you make stupid assumptions. There are democrats that are useless, annoying, and flat out wrong; the percentage of them to the whole party is far, FAR smaller than the current republican party. Democrats by in large work for the betterment of the people... the GOP pretty much works for themselves to keep power, at the expense of the people.... and nothing else.

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