I have a good friend who has an Electrical engineering degree & he was making 6 figures a few years out of school.
How does Melvin have such a degree & still work at a low paying menial job & live in a trailer in the rural South?
ITT Tech... from wikipedia:
In August 1998, 15 former students alleged misrepresentation, fraud and concealment by ITT arising out of their recruitment and education at ITT campuses. In September 1998, ITT settled all of the claims.
On February 25, 2004, federal agents raided the company's headquarters and ten of its campuses. The investigation negatively affected the company's stock and triggered several class action lawsuits by investors.
In October 2005, ITT agreed to pay $730,000 to settle a lawsuit with California in which employees alleged that it inflated students' grade point averages so they qualified for more financial aid from the State of California.
An investigation by WGBA-TV (NBC26, Green Bay, Wisconsin) found evidence of widespread grade inflation.
In one instance, a student got 100% on a computer forensics assignment by emailing the professor a noodle recipe. The station believes this to be a way to increase federal student aid funding.
In early March 2011 WTMJ-TV (NBC4, Milwaukee, Wisconsin) ran an investigation finding teachers lying on attendance records so they could get cash bonuses paid by ITT Tech. ITT Tech formerly used an attendance policy as part of a requirement to get financial aid to show student progress.
In 2012, ITT Tech was one of the for-profit colleges investigated by the Harkin Commission.
In 2013, a complaint was filed against ESI and two ESI executive officers in US District Court for the Southern District of New York regarding securities. The Massachusetts Laborers' Annuity Fund filed a similar complaint and the cases were consolidated. The Plumbers and Pipefitters National Pension Fund and Metropolitan Water Reclamation District Retirement Fund were the lead plaintiffs.
Students continue to allege that private loans with JP Morgan Chase and other banks are predatory.
In 2013 USA Today listed more than 50 ITT campuses as "red flag" schools because their student loan default rates were higher than their graduation rates.
