The one factor which stories by and others tend to miss in this whole saga is exactly how ITT degrees came to be considered sub-standard by employees and academic faculty.
In their determined effort to run the business by the numbers the management measured all sorts of KPIs such as student module completion rate and student module pass rate and used these factors when determining which academic staff could teach which modules. Likewise, the overall student completion rates and pass rates (along with other measures) were used to fire departmental chairs and deans. By these actions, ITT Tech lost many academic staff who were actual great instructors and/or academic administrators but who would not reduce academic standards simply to meet a quota target.
The use of the word "quota" above is fully justified. The one measure that ITT Tech did not make was any relative measure of the abilities and aptitudes of incoming students. Without that measure, target completion and pass rates were then made the responsibility of the academic department. That is a quota system pure and simple. Meantime, the recruiters were congratulated on meeting their recruitment targets no matter where the recruits were found.
With all of the above it was inevitable that too many students were passed without the level of knowledge that the degree might have otherwise suggested and as a consequence the reputation of the degrees suffered with employers.
As ITT Tech's reputation suffered it became harder for it to attract either capable students or capable instructors but despite that HQ still wanted the same pass rates thus creating a spiral effect as the value of the degrees themselves were largely destroyed.
None of the above means that there were not many individual success stories. There were still many great teachers passing through ITT Tech's doors - just not enough of them. Likewise, some hard working students had enough exposure to great teachers that they made something of the opportunity. Those success stories could however not overcome the fact that on average the quality of the education offered by ITT Tech had fallen while at the same time as the price of graduating was rising.
Kevin Modany and his team at HQ were presumably either too blind to see the above or understood what was happening but chose to ignore it and lean on ITT Tech's respectable past while depending on intense lobbying to provide a smoke screen for their activities.
It could have been so different, but that would have required a management team who actually cared about education and understood the balance between their duties as educators given access to a publicly-supported funding system and their duties to shareholders. Kevin Modany and team appear to have only understood their duties to shareholders and the result is the inevitable culmination of the past few weeks.
This is a sad ending for what started as The Sams Technical Institute founded in Indianapolis in 1963. The Sams publishing house published many technical books for many years and were known to electronics hobbyists and professionals alike. It is hard to imagine that the institute's proud history has been largely destroyed, but it has indeed been destroyed apparently at the hands of a bean counter who forgot to count all the relevant beans.