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ITT Tech Closing All Campuses Amid Federal Restrictions

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ITT Tech, one of the nation’s largest for-profit colleges that’s operated two campuses in Central Ohio, says it’s permanently closing all of its campuses following a ban on the school accepting new students who use federal financial aid.

In a statement published to its web site on Tuesday, the school said:

"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."

ITT has operated campuses in Columbus and Hilliard. It wasn't immediately clear what would happen to students.

In August, the U.S. Department of Education banned the school from accepting new students who use federal financial aid. They were also ordered to repay  more than $150 million.

For years, the for-profit school has been under scrutiny from state and federal officials for allegedly misleading students about loans and the quality of programs.