Durbin: Department of Education Tightens Controls on ITT Tech

Statement

U.S. Senator Dick Durbin (D-IL) responded today to a move by the Department of Education to tighten controls over ITT Tech after finding that the for-profit college -- facing investigations by the Department of Justice and at least 18 state Attorneys General and lawsuits by the Consumer Financial Protection Bureau and the Securities and Exchange Commission-- failed to meet its fiduciary obligations and the administrative capability standards required of institutions participating in Title IV federal funding programs. The announcement was made in a letter from the Department to ITT Tech.

ITT Tech currently operates at least four campuses in Illinois including Arlington Heights, Orland Park, Oak Brook, and Springfield. Earlier today, the for-profit college chain announced that it would be suspending new enrollments at several of its campuses around the country.

"The bright lights of state and federal regulators are shining on the wrongdoing and abuses of ITT Tech like never before," said Durbin. "At the same time, this company, deemed "not financially responsible' by the U.S. Department of Education, continues to receive billions in federal Title IV dollars. Isn't it time to protect students and taxpayers and turn out the lights at ITT?"

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