ITT Tech shutdown creates uncertainty for 40,000 students, 8,000 employees

September 6, 2016 5:52 PM

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ITT Technical Institute is ceasing operations at its more than 130 campuses nationwide after the Department of Education cut off access to federal financial aid for new students.

The immediate closures by for-profit ITT Educational Services will end the fall quarter before it starts for 40,000 students, and will leave more than 8,000 employees without a job, the Carmel, Ind.-based company said Tuesday.

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