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After Losing Aid for New Students, Giant For-Profit ITT Will Close All Its Campuses

The for-profit ITT Educational Services Inc., whose campuses enroll about 40,000 students, will close in response to heightened scrutiny from the federal government, the company announced on Tuesday morning.

“It is with profound regret that we must report that ITT Educational Services Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after more than 50 years of continuous service,” the company said in a statement. “With what we believe is a complete disregard by the U.S. Department of Education for due process to the company, hundreds of thousands of current students and alumni and more than 8,000 employees will be negatively affected.”