From David Halperin:
"Troubled predatory for-profit college ITT Tech said in a filing with the Securities and Exchange Commission last night that in order to raise enough money to cover a new letter of credit requirement imposed by the U.S. Department of Education, 'the Company expects to implement certain modifications to its historical marketing and recruitment strategy.” ITT added that the “specific details of the modifications are being finalized, and are expected to be reported by the Company in future filings with the U.S. Securities and Exchange Commission and other public disclosures as appropriate.'"
http://www.huffingtonpost.com/davidhalperin/itt-tech-well-change-our_b_10962632.html