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The Crackdown on For-Profit Colleges

Dwight Burdette
Wikimedia Commons

ITT Technical Institutes closed its 137 campuses across the nation last week after 50 years in operation.  The move arrives after the U.S. Department of Education said ITT would be barred from enrolling students who use federal financial aid. The ITT closures leave thousands of students scrambling for the next option and raise doubts about the future of for-profit colleges and universities, which have been criticized for high loan default rates and deceptive recruitment strategies.