Sep 6, 2016 12:54 PM
NASHUA — Daniel Webster College (DWC) remains open after its parent company - the for-profit college chain, ITT Educational Services - shut down its campuses days after the U.S. Department of Education banned it from enrolling new students who use federal financial aid.
ITT Educational Services says it was forced to take the action after the U.S. Department of Education issued sanctions on Aug. 25 after problems with meeting accreditation standards.
ITT/ESI purchased DWC in 2009. The accrediting entity for ITT/ESI is not the same agency that reviews DWC, said the Director of the New Hampshire Department of Education’s Division of Higher Education Edward MacKay to The Telegraph. He did acknowledge that DWC's parent company has come on some hard times.
ITT, which operates vocational schools, announced "with profound regret" in a statement Tuesday that it is ending academic operations at all of its more than 130 campuses across 38 states.
The company, based in Carmel, Indiana, says its move will have an impact on hundreds of thousands of students and alumni as well as more than 8,000 employees.
The Associated Press contributed to this article.
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