ITT Educational Services Inc. has announced it will discontinue operations at all of its ITT Technical Institutes, affecting more than 8,000 employees.
The for-profit education provider said on Tuesday that the move would also affect hundreds of thousands of students and alumni.
The company has been under investigation by government authorities for allegations of fraud and deceptive marketing tactics.
ITT’s accrediting agency said in April that ITT Technical Institutes — which provide career-oriented education programs — had not demonstrated compliance with certain accreditation standards.
The for-profit education sector has been struggling with falling enrollment, poor job placement records and regulatory scrutiny.
Read more: St. Louis Post-Dispatch