ITT Tech closes all campuses effective immediately

Posted at 9:11 AM, Sep 06, 2016
and last updated 2016-09-06 16:26:39-04

ITT Technical Institute has been forced to close all of its locations effective Tuesday, September 6, including the campus in Getzville.

"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," read a press release from the institution. "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 Tech says it can no longer continue to run their campuses due to an increase in their surety requirement to 40 percent of their Title IV federal funding, placing the schools were placed under "Heightened Cash Monitoring Level 2."

The institution says it had no intentions of closing down.

"We have always carefully managed expenses to align with our enrollments," the school said. "We have also always worked tirelessly to ensure compliance with all applicable laws and regulations, and to uphold our ethic of continuous improvement."

ITT Tech says these actions are unwarranted, having not been provided a hearing or an appeal, and alternatives it feels would have better served students, employees and taxpayers were rejected.

"We believe the government's actions was inappropriate and unconstitutional, however, with the ITT Technical Institutes ceasing operations, it will now likely rest on other parties to understand these reprehensible actions and to take action to attempt to prevent this from happening again," said ITT Tech.