By Post Staff Report - The New York Post
Another for-profit college is close to failing.
The owner of ITT Technical Institutes said Monday it would stop accepting new students, according to an announcement on its website.
The move came after the Department of Education banned parent company ITT Educational Services from enrolling students who use federal financial aid.
While ITT could have accepted students who found other ways to pay for their education, the decision to halt enrollment underscores the degree to which for-profit colleges rely on federally subsidized student financial aid.