DENVER (CBS4) – ITT Technical Institute is closing all of its campuses, including those here in Colorado.
In a statement posted on its website, ITT Technical Institute confirms that, “effective today, the company has eliminated the positions of the overwhelming majority of our more than 8,000 employees.”
“It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after approximately 50 years of continuous service. With what we believe is a complete disregard by the U.S. Department of Education for due process to the company, hundreds of thousands of current students and alumni and more than 8,000 employees will be negatively affected,” the statement said.
Last month, according to the Associated Press, the U.S. Department of Education banned the for-profit college from enrolling new students who use financial aid.
“The actions of and sanctions from the U.S. Department of Education have forced us to cease operations of the ITT Technical Institutes, and we will not be offering our September quarter,” stated ITT Technical Institute. “We reached this decision only after having exhausted the exploration of alternatives, including transfer of the schools to a non-profit or public institution.”
Nationwide, ITT Technical Institute had more than 130 campuses, including ones in Westminster and Aurora.