CARMEL, Ind. (AP) — The for-profit college chain ITT Educational Services is shutting down its campuses days after the U.S. Department of Education banned it from enrolling new students who use federal financial aid.
The company, which operates vocational schools, announced “with profound regret” in a statement Tuesday that it is ending academic operations at all of its more than 130 campuses across 38 states.
The company, based in Carmel, Indiana, says its move will have an impact on hundreds of thousands of students and alumni as well as more than 8,000 employees.
“They pretty much pulled out the rug from underneath us,” student Rachael Weeks said. “Last week we knew something was up but we were told they were just going to get an extra day off for the holidays. Then I wake up to an email that says our school is closed. And there’s no direction on where we can go.”
ITT Educational Services says it was forced to take the action after the U.S. Department of Education issued sanctions Aug. 25, including a ban on enrolling new students who rely on federal financial aid.
Kayla, a single mother who’s been enrolled at ITT during the past 18 months, also received the email this morning notifying her of the closure.
“It’s heartbreaking because this was our passion here. We were going to graduate and pursue our dream,” Kayla told KOIN 6.
KOIN 6 News reporter Emily Sinovic contributed to this report