Report: Veterans Disproportionately Affected by For-Profit Closings

When ITT Tech closed, many higher education reformers cheered. Poor performing for-profits and nonprofits had skated by for years, taking in billions in federal funds while delivering very little in the way of returns to their students. The decision by the Department of Education to revoke the authority of ITT Tech’s accreditor and then eventually deny the school itself access to future federal student aid dollars was viewed as a win for education consumers and kicked off a wave of anger and introspection by the for-profit industry.

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