ITT Tech ceases all student enrollment

This is an automatic summary, original reduced by 61%.

The Carmel-based company that runs ITT Technical Institute has stopped enrolling new students.

The move, prominently announced on ITT's website, goes beyond the U.S. Department of Education's decision last week to ban ITT from enrolling new students who depended on federal loans to pay for classes.

Company officials have yet to publicly respond to the Education Department's moves aside from a Securities and Exchange Commission filing in which ITT said it was "Evaluating these additional sanctions and requirements, as well as all options available to it."

In addition to the Education Department's sanctions, two states had moved to block students from enrolling at ITT. California banned new enrollment at ITT's 15 campuses there and Wisconsin blocked enrollment at the company's two campuses in that state.

Should ITT close, the Education Department has suggested it will forgive the federal loans of existing students.

Former ITT students who have graduated or dropped out also might be able to get their loans discharged, the Education Department has said.

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