Looks like they might need help in turning things around. Maybe the remaining chairs & directors & instructors can write some letters of support to thank them for all of their efforts. Maybe the chairs or directors are laid off, they can thank them for that too.
http://www.usnews.com/news/articles/2016-06-23/reglators-vote-to-shut-down-nations-largest-for-profit-accrediting-agency
ACICS and ITT-Tech management have been too busy wiggling around in their knot of lies to even think about their real jobs - providing education and protecting students!
All that remains is for outside parties to force them to bring their businesses to an orderly close.
I was actually expecting them to take more action before yesterday, now ACICS fate is sealed regardless of what they do because they weren't willing to do it years ago.
ITT-Tech is screwed! Finally, end of road is coming up for this scam.
ACICS will try to use ITT-Tech as example, showing it can get tough on bad players. ACICS can base an appeal on that, so will happily pound on ITT-Tech.
ITT-Tech will eventually have to inform students that their school is in limbo regarding accreditation. And scramble to seek another agency willing to accredit them. Which is unlikely to happen.