Students speak out about struggles after large for-profit schools close their doors – ABC Action News
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Going to college can be life changing.
For many students, that means studying something they enjoy, getting a degree in that subject and then chasing the American dream. But for others, pursuing a higher education can turn into a nightmare
“I just felt so bad for my parents,” said college student Annalise Hoerter. “I was like, ‘they just spent so much money on me and now I have to get it back.”
Hoerter attended the now defunct The Art Institute of Colorado for three-and-a-half years studying photography.
With just six months shy of graduating, the school lost its accreditation and closed – costing Hoerter big bucks and causing her a whole lot of headaches
“Right now, I’m in the hole for $30,000,” she said. “That was definitely a dark cloud over the school.”
Stories like Hoerter’s popped up across the country as several for-profit schools either lost their accreditation or shut down completely
In 2016, one of the largest for-profit schools on the country, ITT Technical Institute, shut its door for good – sending some of its students into a frenzy and leaving them with massive debt.