ITT Tech Gets Schooled By The Government

For-profit technical institute ITT Tech announced yesterday that it would be shutting down all its 130 campuses in the US, effectively terminating 8,000 employees and putting 35,000 students in limbo. The move comes two weeks after the government announced that ITT Tech couldn’t accept any more students receiving federal aid, which affected ~80% of their students. The government, and industry watchdogs, attest that ITT Tech uses shady recruiting practices, preying on veterans, and shadier accounting practices. ITT Tech says that they were doing students a solid by giving them access to education. Unfortunately, that education was overpriced and sub-par and left graduates with a lot of debt. Thanks but no thanks?