Looks like ITT is in trouble. The one article I have seen so far doesn't really say whats going on outside of the school being investigated for wire fraud. I think its a real shame that this is happening. ITT helped me get my foot in the door at DELL. http://www.chron.com/cs/CDA/ssistory.mpl/metropolitan/2422542
It is all over the Houston news media outlets. Nothing substantive has been said, only that agents have been at the two branches of the schools.
I truly hope nothing bad happens, because IF I ever need to use my degree again, something like this could hurt my chances of finding a new job.