ITT Technical Institute has come under the withering scrutiny of the US Department of Education, and has stopped enrolling students at all campuses. The for-profit school has come under a lot of heat recently, and the new sanctions are obviously having a major effect.
The Federal Government is examining the "for profit" school business in general, citing possible issues with the quality of education, and the financial situation of students at the conclusion of their studies.
GizmodoThe sanctions set against ITT Technical Institute have been described as a “death sentence.” In addition to preventing the company from taking federal aid for tuition, the US Department of Education is requiring that ITT increase its reserves from $94.4 million to $247.3 million. The reserves are meant to support students in case the company closes.