ITT Spiral Continues in California

California has banned ITT from accepting new students at 15 campuses across the state, following the U.S. Department of Education’s decision last week to prohibit the school from accepting students who require financial aid to finance their education.

The for-profit mainstay has to pay $152 million to cover potential claims from students who can prove that they were misled by the school’s marketing efforts, in the event that the school formally closes.

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