ITT Tech shutters all campuses after federal aid sanctions

September 7, 2016 4:33 AM

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ITT Tech shutters all campuses after federal aid sanctions

The for-profit college chain ITT Technical Institute is shutting down all 130 of its U.S. campuses, saying Tuesday it can't survive recent sanctions by the U.S. Department of Education.

In a letter to more than 35,000 students, the Indiana-based parent company ITT Educational Services announced that campuses won't open for the fall term that was scheduled to begin Sept. 12 — leaving students scrambling for last-minute options since many U.S. colleges already have started fall class...

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