CARMEL, Ind., Dec. 1, 2015 /PRNewswire/ -- ITT Technical Institute campuses have been awarded a certificate of excellence from USA Funds for achieving a reduction in its federal student loan default rate. ITT Technical Institutes' average three-year cohort default rate improved from 22.1 percent in 2011 to 18.7 percent in 2012, according to the most recent rates reported by the U.S. Department of Education.
"The lower student loan default rate reflects ITT Tech's commitment to providing quality student support services. To advance our commitment, we provide student loan repayment advising services to students," said Michael Holtman, senior director of student services and academic support center at ITT Educational Services, Inc.
ITT Technical Institute integrates USA Funds Borrower Connect™ solutions to provide outreach and counseling to student loan borrowers to help more former students successfully repay their loans. "We are pleased to partner with ITT Technical Institute and contribute to its default prevention success," said Craig P. Anderson, USA Funds senior vice president, business development.
USA Funds is a national nonprofit organization that works to enhance postsecondary education preparedness, access and success by supporting students, colleges and universities.
For more information on ITT Tech's student support services, visit https://www.itt-tech.edu/why-itt-tech/.
About ITT Educational Services, Inc.
ITT Educational Services, Inc. (NYSE: ESI) provides technology-oriented undergraduate and graduate degree programs through its accredited postsecondary institutions, ITT Technical Institutes and Daniel Webster College, to help students develop skills and knowledge that they can use to pursue career opportunities in a variety of fields. It owns and operates more than 130 ITT Technical Institutes and Daniel Webster College. ITT/ESI serves approximately 48,000 students as of September 30, 2015 at its campuses in 39 states and online. Through the Center for Professional Development @ ITT Technical Institute, ITT/ESI provides short-term information technology and business learning solutions for career advancers and other professionals. Headquartered in Carmel, IN, ITT/ESI has been actively involved in the higher education community since 1969 and can be found online at www.ittesi.com.
SOURCE ITT Educational Services, Inc.