ITT Tech shutters campuses after federal aid sanctions

ITT unexpectedly closed their doors across the nation, including the Knoxville campus.

The Department of Education will allow students to walk away from their outstanding federal loans or transfer their credits to a similar institution. He said ITT’s closing was abrupt – way more sudden than for-profit Corinthian College’s closing for the same reasons a year ago.

Lance Permillion from LaPlace is one of a handful of ITT Tech students who rushed down to the St.

The Education Department said its move came after ITT’s accreditor, the Accrediting Council for Independent Colleges and Schools, found ITT was not complying with its criteria.

On Tuesday, the for-profit vocational school announced via email to students and faculty that with “profound regret” they would be closing their doors for good.

The college has faced scrutiny before. No answers to what’s going on with our student loans, financial aid. “Ultimately, we made a hard choice to pursue additional oversight in order to protect you, other students, and taxpayers from potentially worse educational and financial damage in the future if ITT was allowed to continue operating without increased oversight and assurances to better serve students”. The institution is under multiple state and federal investigations.

ITT was in the already in the process of closing its Clive campus before Tuesday’s announcement, Whitney said.

The for-profit college chain announced it is shutting down its 130 campuses across the country, including the two Louisiana campuses in St.

The Department of Eduction in MA told Channel 5 that there were more than 500 MA students enrolled in ITT Tech when the closing hit, and 101 of those students were veterans. A call to ITT ” s Clive campus went unanswered.

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.

THEC claims to be working with ITT locations to attain student transcripts, so students don’t lose their academic records. The closure puts about 35,000 students in limbo as they try and figure out plans for the future. The Education Department also told ITT to drastically increase its cash reserves, and the combination seemed to make continuing operations untenable.