BALTIMORE —ITT Educational Services announced Tuesday that it is closing down all its campuses nationwide after the U.S. Department of Education banned it from enrolling new students who use federal financial aid.
The closure affects thousands of students at more than 130 campuses in 38 states, including Maryland. The Carmel, Indiana-based for-profit school chain will lay off more than 8,000 employees after about 50 years in operation.
ITT Educational Services, which offered students vocational education, said “with profound regret” that it had no choice but to close after the U.S. Department of Education issued sanctions Aug. 25, including a ban on enrolling new students who rely on federal 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,” the company said in a statement. “We reached this decision only after having exhausted the exploration of alternatives, including transfer of the schools to a non-profit or public institution.