In this morning’s announcement, ITT criticized the federal action.
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A month after the US government banned ITT Technical Institute from taking any more students with federal loans, the for-profit college closed more than 130 campuses across 38 states. The department also said in a news release it would increase its financial oversight of ITT.
Two former employees at ITT Educational Services have filed a lawsuit against the school, claiming they did not receive 60 days notice of termination.
AL.com reported that ITT Tech tuition was $7,000 more than the national average.
Important Information Regarding ITT Educational Services, Inc.
ITT has more than 130 branches in 38 states and enrolled students in online programs nationwide.
The college has faced scrutiny before. Her student loans top $12,000.
That’s because ITT and other for-profit schools depend on federal student aid for nearly all of their revenue. On top of that, about 40,000 students are scrambling to figure out what to do next.
Investigations into the school include one from the office of the Iowa Attorney General.
In response, ITT said it was forced to close its ITT Tech campuses after 50 years of educating. There were signs on the doors at the Greenfield campus Tuesday indicating that as well.
The technical college has a campus in Lathrop. “I king of would assume there would be more communication”, said Scott Wooten, a student in Memphis. A call to ITT ” s Clive campus went unanswered.
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In a blog post released Tuesday, U.S Education Secretary John King said students now or recently enrolled at ITT, may be eligible to have their federal student loans dismissed. Those students also said they are having issues accessing their completed transcripts. “We have staff and faculty prepared to advise students on registration, enrollment and course curriculum”, said Dr. Michelle Howard-Vital, Executive VP and Provost of FMU.
