09-06-2016, 09:22 PM
Been reading reading a lot about this. Could of, should of, been handled better buy both parties involved.
Gizmodo wrote:I would toss in the towel under those conditions too. Cut my losses at $94.4 Million and run.
The sanctions prevented ITT Tech from receiving any federal aid for tuition and also required ITT Tech to increase its cash reserves from $94.4 million to $247.3 million. The cash reserves were created to help support students in case the company closed.