News Release
CONTACT:
Carolyn Ballou
916-653-1355
May 15, 2015
CalVet 15-055
916-653-1355
May 15, 2015
CalVet 15-055
CalVet
Suspends GI Bill Approval for ITT
Technical Institute
SACRAMENTO – In order to protect the
hard-earned GI Bill Education benefits for more than 1,400 California Veterans,
the California State Approving Agency for Veteran Education (CSAAVE), a
division of the California Department of Veterans Affairs (CalVet), sent a "Notice
of Suspension" to all California colleges owned and operated by ITT
Educational Services, Inc. (ITT).
“CalVet takes very seriously
our duty to ensure our California Veterans receive the education and training
they are paying for with their earned GI Bill benefits,” said Keith Boylan,
CalVet Deputy Secretary of Veteran Services. “CSAAVE suspended ITT because ITT
does not meet the required accreditation standards for approval.”
The notice of Suspension
precludes ITT from future enrollment or reenrollment of Veterans or their
dependents utilizing GI Bill education benefits provided by the U.S. Department
of Veterans Affairs (USDVA). ITT, doing business in California as ITT Technical
Institute, operates 15 campuses in California.
The Suspension was initiated
by CSAAVE as a result of ITT’s filings with the U.S. Securities and Exchange
Commission (SEC) evidencing the company’s inability to produce audited
financial statements required by the SEC and the U.S. Department of Education.
USDVA regulations authorize CSAAVE to suspend non-compliant institutions.
ITT has until July 13, 2015,
to correct the discrepancies, or CSAAVE will withdraw approval. CalVet
staff continue working closely with Veterans and ITT to minimize the impact of
the Suspension on the Veterans.
For additional information,
Veterans using the GI Bill at ITT should visit CalVet’s website:
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