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BREAKING: Education Department Slaps Serious Sanctions on ITT

The U.S. Education Department on Thursday announced several new sanctions on ITT Technical Institutes, whichexperts said could push the large for-profit chain toward bankruptcy and closure. ITT is facing a wide range of federal and state legal challenges, in addition to scrutiny by its national accreditor, which believes the for-profit chain is unlikely to come into compliance with its requirements. Department officials said the “sweeping” sanctions were necessary to protect students and taxpayer dollars.