This guy claims to have called schools in several states, saying now that the fall term has been cancelled for all students:
http://seekingalpha.com/article/4003130-itt-educational-services-equity-worthless-update
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Let the rumpus begin! Absolutely no doubt in my mind Modany and board have been calculating Plans B, C, D, for a long time.
Have not read ANY other source that is vaguely reputable -- not anonymous -- announce that fall term is cancelled.
Seeking Alpha article may be attempt to smoke out some insider information. Internet is definitely heating up.
ITT - Tech is cooking up something. They just updated announcement on their web page to "We are CURRENTLY not enrolling new students," where it used to be flat out "We are NOT enrolling new students." And they have links to glossy new pages, with vague pitches about programs to vague audience!
Is ITT-Tech trying to remake itself over into cert provider not requiring federal loan dollars -- in which case it doesn't need feds approval? Or is ITT-Tech trying to look pretty for a buyer -- knowing that no one will want to continue same jokey associate and bachelor degree programs?
Meanwhile, current students got their so-called "notice" and they are searching for info - hitting up the DOE's ITT-Tech blog, new postings on social media, etc.