ITT to reduce enrollment by nearly 60% - Jarrett Carter, Education Dive

ITT Technical Institute will reduce its spending in marketing and recruitment, which is likely to drop enrollment by more than half this fall. Plummeting stock and anti-predatory enrollment policies from the U.S. Department of Education have dropped enrollment by nearly 50% over the last six years. The department has demanded ITT show a $120 million letter of credit to verify its ability to pay outstanding debt if the institution were to close. http://www.educationdive.com/news/itt-to-reduce-enrollment-by-nearly-60/423594/