Last week the education department banned the for-profit college from enrolling new students who use federal financial aid.
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One of the biggest for-profit chains in the nation, ITT had been closely monitored by federal officials since 2014, when the chain was late to submit an annual report of its finances to the government. “They should have paid more attention to what’s going on in their own business and what’s going on with the students”, said Ricardo Lara, ITT Tech student.
The statement put the blame for the abrupt closures on a “a complete disregard for due process by the U.S. Department of Education”.
In Georgia, ITT Tech campuses were located in Douglasville, Kennesaw, Duluth and Atlanta. The government said ITT couldn’t recruit students with federal financial aid, the source of 80 percent of the company’s revenue.
ITT Technical Institute is closing all of its 130 campuses nationwide, after the Feds gave the for-profit vocational school a flunking grade.
“Today, we awoke to the news that ITT was closing its campuses”, Mass. Attorney General Maura Healey said Tuesday. Jasmine Nunez was also a student at the same location. The fate of ITT’s brick-and-mortar school, Daniel Webster College, is still unclear, the Journal reported.
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They invested thousands of dollars in their education, but now students at ITT Technical Institute find their campuses closed. While students in Clovis grapple with the news they’re forced to try to look to the future. We communicated with all students this morning informing them of key information including how to receive grades and transcripts, articulation agreements, what other schools are near them that may offer similar programs of study. The school now faces fraud charges from the Securities and Exchange Commission accusing executives of lying to investors about losses from its student loan program.
