The U.S. Department of Education on Thursday prohibited ITT Educational Services, the parent company of ITT Technical Institutes, from enrolling new students who use federal financial aid.
The devastating ban, along with a set of increased federal oversight of the for-profit institution, continues several yearsof federal scrutiny of ITT Tech, which has more than 130 campuses in 38 states and enrolled approximately 45,000 people last year. It could mean the end for the institution.
"Our responsibility is first and foremost to protect students and taxpayers," U.S. Secretary of Education John B. King Jr. said during a phone call with reporters. "Looking at all of the risk factors, it's clear we need to increase financial protection and it wouldn't be responsible or in the best interest of students to allow ITT to continue enrolling new students who rely on federal student aid funds."
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2016/08/26/education-department-bars-itt-tech-enrolling-new-students-federal-aid