Fed clamps down on for-profit schools

Hope you weren't looking forward to your first day of classes at an ITT Technical Institute, because as of today, they're shutting down all their campuses nationwide. The ITT Tech closure's expected to affect at least 35,000 students as well as approximately 8,000 employees, according to the Los Angeles Times.
ITT Tech is the latest for-profit college chain to crumble under increased scrutiny by the U.S. Board of Education, which created a new division in early 2015 to make sure students were ge