National Institute of Technology (United States)

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National Institute of Technology (NIT) is now Everest Institute* a system of for-profit colleges offering career training across several program areas.

A branch of National Education Center Campus, a division of NIT, once existed in Wyoming, Michigan on Remico street back in the mid to late 1980's. It had a high student loan default rate, back when the government student loan program had its highest default rates, which resulted in the re-writing of the student loan program rules and laws governing which schools could apply for them. Since that time many of the schools which exited then, are now closed.

'* The Long Beach, CA campus is now WyoTech, a for-profit college offering education within the automotive, HVAC, and plumbing industries.

The schools are owned by Corinthian Colleges, Inc.

[edit] Controversy

In July 2007, the California Attorney General threatened to file suit against Corinthian Colleges, corporate parent of National Institute of Technology, unless it settled allegations that it has misrepresented its placement statistics; the school had been under investigation by the state attorney general's office for over 18 months.^[1] According to a case filed in Los Angeles County Superior Court, Corinthian Colleges "engaged in a persistent pattern of unlawful conduct" by overstating the percentage of those who obtained employment from its courses, inflated information on starting salaries and made misleading or false statements about which programs it was authorized to offer and which were approved by the California Department of Education.^[2] The suit stated that Corinthian's "own records show that a substantial percentage of students do not complete the programs and, of those who complete the program, a large majority do not successfully obtain employment within six months after completing the course."^[2] In late July, Corinthian Colleges agreed to pay $6.5 million to settle a lawsuit alleging that the chain engaged in unlawful business practices by exaggerating its record of placing students in well-paying jobs; the amount included $5.8 million in restitution to students as well as $500,000 in civil damages and $200,000 in court costs.^[2]

If one researches the internet, you will find that this school appears to have a history of "student loan farming". That is they appear to be missrepresenting the facts of their student graduation statics to the number who started the courses and the number of students they have successfully placed in the field of their training. And it appears that the schools misrepresent the number of businesses that will accept their training as bona fide education. There are numerous complaints on the internet that the schools diplomas are worthless.

It also appears that many many students have been left holding the bag on defaulted loans that they cannot repay due to economic conditions and lack of proper and promised job placement. Some have called this a preditory condition, the way the schools benefit from the student loans, which in the end leaves the student with huge amounts of debt that cannot be paid off. And like unlike any other loan, these loans cannot be dismissed in bankrutcy.

People with older loans, say back from the 1980s are desperatly looking for help with those loans which by now have doubled and some nearly trippled.

One needs to be aware of this, when applying for any of the schools currently owned and/or operated by Corinthian Colleges.