Industry Resources | September 16, 2016
Letter From Department Of Education To ITT Educational Services, Inc.
On August 25, 2016, the federal Department of Education sent this letter to ITT Educational Services, Inc. regarding its late submission of annual compliance audits and audited financial statements for its 136 ITT Technical Institutes (ITT Tech) in 38 states. The letter informed ITT Education that ITT Tech would not be eligible to enroll new students receiving federal education funding, and that ITT Tech would be subject to heightened oversight of its financial operations . . .