ITT Tech Institute closes its doors on thousands of student veterans

Education
From the ITT catalog
From Stripes.com
From the ITT catalog

ITT Tech Institute closes its doors on thousands of student veterans

by: Alex Horton | .
Stars and Stripes | .
published: September 07, 2016
 SAN ANTONIO — ITT Technical Institute said Tuesday it was immediately closing all campuses, more than 130 in all, throwing into doubt the future education of thousands of student veterans attending there.
 
The troubled for-profit school, roiled by scrutiny from the U.S. Department of Education, blamed the federal agency in a prepared statement, saying it showed “complete disregard” for due process by requiring ITT to put up nearly $250 million in guarantees to offset losses in federal loans if the school were to close.
 
“We believe the government's action was inappropriate and unconstitutional,” the Tuesday statement said. The Department of Education and 19 state attorneys general are investigating ITT over its marketing and job placement claims, along with the Securities and Exchange Commission, the Chicago Tribune reported.
 
Nearly 12,500 students used the GI Bill at ITT in 2015, according to data from the national advocacy group Student Veterans of America. ITT is a vocational school with a combination of brick and mortar and online campuses with more than 40,000 students nationwide.