Shortly after ITT Educational Services announced it would close all of its ITT Technical campuses across the country, the Department of Education swooped in to try to placate students’ concerns by announcing that it would forgive currently or recently enrolled students’ federal student loans. While the process to wipe out that debt will no doubt be complicated and take time, former students who used veteran benefits — like the GI Bill — will likely be waiting longer and have more hurdles to jump through. [More]
ITT Educational Services
ITT’s Parent Company Ceases Operations, Taking Daniel Webster College With It
A week after ITT Educational Services closed all 130 of its ITT Technical Institute campuses, the for-profit college education announced it would cease what’s left of its operations Friday, including closing its other beleaguered for-profit education entity, Daniel Webster College in New Hampshire. [More]
ITT Tech Closes All 130 Campuses
For the second time in two years, a billion-dollar for-profit education company has closed its doors leaving thousands of students stranded and billions of taxpayer dollars on the line: ITT Education Services has officially closed all 130 of its ITT Technical Institute campuses. [More]
ITT-Owned Daniel Webster College Also In Peril Of Losing Accreditation
Only days after beleaguered ITT Tech ceased enrolling new students over financial concerns and the possible loss of accreditation, another for-profit educator owned by ITT’s parent company has also revealed that its future may be in peril. [More]
More Trouble For ITT Education Services: Agency Restricts For-Profit’s Use Of Federal Student Aid
Just a month after for-profit college operator ITT Education Services announced it had become the focus of a federal fraud investigation, the Department of Education revealed it had placed restrictions on ITT Technical Institute’s use of federal grants and loans. [More]
ITT Educational Services Target Of Federal Fraud Investigation
Things don’t appear to have gotten better for for-profit college operator ITT Educational Services since it announced in September 2014 that it was under increased scrutiny from federal regulators, as the owner of the ITT Technical Institute chain revealed on Monday that the Department of Justice is looking into whether the company defrauded the federal government. [More]
California Suspends GI Bill Eligibility For ITT Tech
Thousands of California students planning to use veterans benefits to enroll at ITT Technical Institute campuses will need to find other means of financing their education after the state’s Department of Veterans Affairs suspended ITT Educational Services’ eligibility for GI Bill funding. [More]
Senator Calls For Investigation Into Three For-Profit College Chains, Restrictions On Future Campus Sales
The struggle to protect students from potentially harmful for-profit college chains continued today as Illinois Senator Dick Durbin urged the Department of Education to investigate the business practices of three of the country’s largest propriety education companies – ITT Educational Services, Career Education Corporation, and Education Management Corporation. [More]
Legislator Demands Department Of Education Investigate For-Profit Chain ITT Technical Institute
Following the Securities and Exchange Commission’s decision earlier this week to file fraud charges against current and former executives with ITT Education Services – the operator of for-profit college chain ITT Technical Institute – for their part in concealing problems with company-run student loan programs, one legislator is calling on the Department of Education to further investigate the company. [More]
SEC Charges Current, Former Executives Of For-Profit Chain ITT Educational Services With Fraud
Back in September ITT Educational Services – the operator of for-profit college chain ITT Technical Institute – revealed it was facing increased scrutiny by several government agencies. That scrutiny turned to action this week as the Securities and Exchange Commission filed fraud charges against current and former executives with the company for their part in concealing problems with company-run student loan programs. [More]
ITT Educational Services Under Increased Scrutiny From SEC, Department Of Education
Could ITT Educational Services be the next large for-profit company facing collapse? Things might not be that dire for the parent company of ITT Technical Institute, but the institution recently revealed it’s under increased government examination that could result in the loss of federal funds. [More]