ITT Techinical Institute is not enrolling new students, according to its website.
No other information was provided on the website by the educational services company, but the official blog of the United State Department of Education had more of an explanation as to what is happening to ITT Tech.
According to the blog, ITT Educational Services has been under state and federal investigations for years, and this year it was found out of compliance with its accreditor’s standards.
As a response to years of issues, the DOE increased its financial oversight for ITT and required the school to increase its cash reserves to provide cover for possible damages incurred by students and taxpayers.
The DOE is not allowing ITT to enroll new students with federal aid. It is also slowing down when students receive student aid from the government to make sure ITT is handling its finances appropriately.
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