ITT Technical Institute announced Tuesday it is closing 130 campuses across the country, after the department of education cut off access to federal financial aid for new students.
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ITT has come under increasing governmental scrutiny and accusations of fraud.
As of Tuesday, a notice on the company’s webpage said: “We are now not enrolling new students”.
The US Department of Education says it is working with community colleges and the Higher Learning Commission – an accreditation agency – to try to give schools flexibility in accepting transfer credits.
Two employees laid off by the parent company of for-profit college chain ITT Technical Institute have filed a lawsuit claiming the company violated federal law by not providing 60 days’ notice.
The for-profit education sector has been struggling with falling enrollment, poor job placement records and regulatory scrutiny. That is why my office wants to ensure all students affected by ITT’s closure clearly understand their options moving forward.
Lance Permillion from LaPlace is one of a handful of ITT Tech students who rushed down to the St.
The shutdown will leave 8,000 employees out of work and 35,000 students wondering if their education experience is of-use anymore. “But, something must be done to help the students victimized when the questionable institutions close”.
“While officials at ITT Technical Institutes will be contacting students to inform them of their options, the U.S. Department of Education (ED) will be directly contacting via email now and recently enrolled students to inform them of ITT’s closure and the options available to them”, U.S. education officials state.
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Instead, students received an email, saying that new requirements from the Department of Education were forcing the school to discontinue operations effective immediately. “And normally, if I was a for-profit college, I would find this money by enrolling and recruiting new students”. The other option is for students to continue their pursuit of a degree and enroll at another institution, in which case the student would be expected to repay all loans.
