The answer to this question is a bit complicated. High Tech Institute closed its doors in 2014, but the story begins much earlier.
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High Tech Institute, Inc. (HTI) was a for-profit career training school with multiple campuses across the united states The company was founded in 1982 and offered programs in allied health, HVAC, and skilled trades.
HTI abruptly closed all of its campuses on October 1st, 2018 after being sold to a new owner. This left many students and employees scrambling to find new schools and jobs.
The History of High Tech Institute
The history of High Tech Institute is a long and winding one, but the short answer to the question “when did it close?” is that it shut its doors for good in 2013.
High Tech Institute was founded in 1968 as a school for electromechanical technicians. It later expanded to include programs in electronics, computer technology, and other high-tech fields. The school had campuses in several states, including Arizona, Missouri, and Texas.
In the early 2000s, High Tech Institute began to experience financial difficulties. It was forced to close several of its campuses and lay off staff. In 2007, the school was placed on probation by its accrediting agency. The following year, it was sold to ITT Educational Services (ITT), a for-profit company that owned several other technical schools.
ITT continued to operate High Tech Institute for several years, but in 2012 the company announced that it was shutting down all of its technical schools, including High Tech Institute. The last campus closed its doors in 2013.
The Closure of High Tech Institute
High Tech Institute, also known as HTI, was a for-profit technical school with locations across the United States. The school offered programs in various trades, such as HVAC, automotive technologies, and electrical technologies.
The company was founded in 1987 and grew rapidly in the 1990s. In 2001, High Tech Institute was acquired by Corinthian Colleges, Inc. At its peak, HTI operated 21 campuses in 13 states.
However, after an investigation by the US Department of Education revealed that HTI had engaged in widespread fraud and deception, the school began to close its doors. The last High Tech Institute campus closed in 2015.
The Impact of High Tech Institute’s Closure
The sudden closure of High Tech Institute, a for-profit college with locations across the United States, has left many students scrambling to figure out what to do next. The school, which specialized in training students for careers in the growing field of information technology, abruptly shut its doors on August 31, 2016.
High Tech Institute was founded in 2002 and at its peak enrolled more than 10,000 students nationwide. However, the school had been struggling in recent years due to declining enrollment and financial problems. In May 2016, the school’s accreditor, the Accrediting Council for Independent Colleges and Schools (ACICS), placed High Tech Institute on probation due to “significant concerns” about the school’s financial stability and compliance with ACICS standards. Then, in July 2016, the U.S. Department of Education notified High Tech Institute that it was ineligible for federal student aid funding. This ultimately led to the school’s closure.
The impact of High Tech Institute’s closure has been felt by many people. For example, hundreds of employees have lost their jobs, and many students have been left without a degree or certification that they were counting on to help them get a job or advance their career. In addition, High Tech Institute’s closure has drawn attention to the problems faced by for-profit colleges in general. For-profit colleges have been criticized for leaving students with large amounts of debt and few job prospects; High Tech Institute’s closure will likely only increase these criticisms.
In 2018, High Tech Institute closed its doors for good. The for-profit trade school had been in operation since 1987, but it was unable to keep up with changing technological advancements and trends in the job market. As a result, enrollment numbers had been declining for years before the school finally shut down.
High Tech Institute was just one of many for-profit schools that have struggled in recent years. With increasing competition from traditional colleges and universities, as well as free online learning resources, these schools have had a harder time attracting students. And with many students saddled with high levels of debt, many are simply choosing not to enroll in these programs.
If you’re considering a for-profit school, be sure to do your research to make sure it’s a good fit for you. And remember that there are plenty of other options out there, so don’t feel like you have to choose a for-profit school just because it’s the only option you’re aware of.