ITT Technical Institute closes all schools

ITT Technical Institutes across the country are closing, the for-profit college announced Tuesday.

The school operated 130 for-profit schools nationwide.

More than 8,000 employees nationwide will immediately lose their jobs.

“We reached this decision only after having exhausted the exploration of alternatives, including transfer of the schools to a nonprofit or public institution,” the school said in a release.

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The move comes after U.S. Department of Education banned ITT from enrolling students who use federal financial aid. The school stopped enrolling students last week.

ITT has been under increasing scrutiny from the education department following allegations of misconduct, fraud and questionable marketing practices.

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“Our focus and priority with our remaining staff is on helping the tens of thousands of unexpectedly displaced students with their records and future educational options,” the release said.

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