Yahoo! News: Education News

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For-profit college banned from taking students with federal aid Posted: 28 Aug 2016 01:14 PM PDT ITT Technical Institute, a for-profit chain of colleges with more 40,000 students, was dealt a severe blow from the US government on Thursday. Officials from the US Department of Education announced that the vocational institute could no longer enroll students that had access to federal financial aid. ITT, which depends on such students for a large portion of its revenue, has been under investigation for months for its accounting and recruiting practices.

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