Texas Prepares for For-Profit Fallout to Spread

AUSTIN (KXAN) — The state’s Higher Education Coordinating Board is preparing for the ITT Technical Institute fallout to spread to other for-profit colleges across the state.

Raymond Paredes, the Commissioner of Higher Education, gave KXAN an update on for-profit schools. Over the summer, ITT Tech caved in because the federal government would not back student loans to the school. More than 3,000 Texas students couldn’t attend classes or get access to their transcripts or records.

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