May 2015 - 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 Veterans.
For additional information, Veterans using the GI Bill at ITT should visit CalVet's website: www.calvet.ca.gov/VetServices/Pages/GI-Bill-Suspension-Information.aspx.
CalVet Suspends GI Bill Approval for ITT Technical Institute
- Details
