ITT Educational Services says it was forced to take the action after the U.S. Department of Education issued sanctions August 25, including a ban on enrolling new students who rely on federal financial aid. It was rarely used until the 2014 collapse of for-profit chain Corinthian Colleges, which forced the Education Department address re-evaluate the standard used for reviewing appeals for debt relief.
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ITT Educational Services headquarters in Carmel, Ind., is shown Tuesday, Sept. 6, 2016.
The U.S. Department of Education is holding a series of webinars for students who were attending ITT Technical Institute when it abruptly closed this week.
On Wednesday, the U.S. Department of Education held a series of webinars to inform students about their options moving forward.
Delgado Community College says it will announce a series of open houses for former students to learn about educational offerings at the school.
ITT has come under increasing governmental scrutiny and accusations of fraud.
They’ll admit and advise ITT students left in the lurch by the for-profit school’s sudden shutdown this week after it was banned from accepting federal financial aid.
“Most of the credits are the ACICS, and no other schools receive those credits, only ITT”, said Beihl. For ITT Tech students relying on federal aid, the US Department of Education said it will forgive loans if students decide to discharge from ITT Tech and start their education over.
In order to have access to federal student loans, schools need to be accredited by a government-recognized accrediting agency. “Just as I said when Corinthian collapsed, we can’t leave students holding the bag for ITT Tech’s misdeeds”.
This closure reportedly affects over 35,000 current students.
As this for-profit tech school abruptly closed its 130 campuses nationwide, It impacts 40,000 students and 8,000 employees. ATC officials also say the application fee to the school will be waived for ITT students.
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Now they’re scrambling to transfer credits and continue their education.
