ITT Tech closes its doors for good
September 7, 2016
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9:13Now PlayingITT Tech closes its doors for good
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"Embattled for-profit college company ITT Educational Services, Inc. is officially shutting down its academic services, the company announced on Tuesday. Most of the 8,000 employees working for the company’s for-profit college, ITT Technical Institutes — which has about 40,000 students attending around 130 campuses in 38 states — will lose their jobs.
The shuttering of the college comes as no surprise. Last week, ITT Tech stopped enrolling students at all of its campuses after the U.S. Department of Education prohibited the company from enrolling students who rely on federal student aid. And although this was the final nail in the coffin, ITT has been dealing with increasing scrutiny of its operations for years."
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