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Profit educational company to close ITT Technical Institutes
There are still more questions than answers for many ITT Technical Institute students affected by the school’s closing.
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Students showed up to find the doors locked. ATC officials also say the application fee to the school will be waived for ITT students. In June, Education Management Corporation, the for-profit operator of Brown Mackie College, announced plans to close most of its 26 campuses, including its Atlanta location over the next few years.
Its 29,990-square-foot building was built in 2008 and is located on ITT Tech Way about 1.5 miles from Interstate 75.
Ivy Tech is looking for ways to assist ITT Technical Institute students who are trying to salvage their degrees.
ITT also has a campus in Baton Rouge.
ITT Educational Services issued a statement Tuesday officially confirming the dissolution of its ITT Tech Institutes and denouncing the Department of Education’s decision to revoke its access to federal funding.
Last month, the U.S. Department of Education (ED) stopped ITT from enrolling new students who use federal student loans to pay tuition, which describes virtually the entire ITT student body.
ITT’s closure followed the U.S. Department of Education’s decision to suspend federal aid to new students enrolling since ITT failed to meet its accreditor’s standards. The government has previously stated that the college was “out of compliance”, and the subject of state and federal investigations. Now if people want to blow money on a degree that isn’t worth anything, they’ll just have to go to college.
Students like Diana Rencher said they received an email Tuesday morning alerting students to the closing. “It is sad, because some of us, this is our lives”, said Bassett.
ITT Tech told by the Department of Education, it was a risk to students and taxpayers and to stop taking new students in need of financial aid.
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Many of these students have already paid their tuition for the semester, and they are now questioning what will happen.