History
The college was established in 1965 as the New England Aeronautical Institute and was associated with Boire Field. In 1978, it merged with its Daniel Webster Junior College division to become Daniel Webster College.
By the mid-2000s, the college was having financial issues and failing to meet "financial responsibility standards" of the United States Department of Education, a measure of economic viability. In 2009, Daniel Webster College received a score of just 0.5 out of 3 on that scale, with 1.5 considered passing. Faced with the prospect of losing educational accreditation and federal funding, both of which would have forced the school to close, it was acquired by ITT Educational Services, Inc., the parent company of the ITT Technical Institutes in June 2009, and subsequently became a for-profit institution. A May 2009 article in the Nashua Telegraph cited unnamed college officials stating "there were uncertainties about whether there would be the resources necessary to keep the flight program going." In March 2010 interim President Nadine Dowling announced ITT Educational Services' decision to phase out the program and to stop accepting new flight students, while allowing students currently enrolled in the program to complete their education.
Read more about this topic: Daniel Webster College
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