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ITT Tech Schools Close Leaving 35,000 Students In Debt And Without Degrees

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Welp, it finally happened.

Another for-profit college has gone bust, leaving tens of thousands of students in the lurch.

ITT Educational Services announced on Tuesday that it is shutting down its more than 100 ITT Technical Institute campuses immediately, accusing the federal government of unfairly stripping it of eligibility for student aid.

It’s an abrupt move that will impact 35,000 students who are currently taking classes on campuses and online throughout the United States. Many of them are now left without a degree and saddled with student debt.

ITT said it also eliminated the jobs of the “overwhelming majority” of more than 8,000 employees on Tuesday.

Last week, the Department of Education barred the school from allowing any new students to use federal loans to pay for ITT — and the school promptly stopped new enrollment.

This action did not affect Daniel Webster College, a school in New Hampshire owned…

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WATCH: History Channel’s “15 Septembers Later” 

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No matter your age, September 11, 2001 will probably be a day you will never – ever forget. (Side note: I remember making it in front of the television to the sheer horror of the second plane collision. I would liken it to a horror movie, but that was REAL and totally surreal.) All walks of life were lost and/or tremendously affected by the attack on New York. No one felt safe.

‘9/11’ facilitated and forever changed the conversation about terrorism in the United States.

Rest in Peace to all of the innocent lives lost on this unforgettable day in history. Do you know anyone directly affected by the Twin Towers or Pentagon attacks?

Join the discussion.

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