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21 septembre 2014

Education Dept. Imposes Financial Restrictions on ITT

http://chronicle.com/img/photos/biz/Ticker%20revised%20round%2045.gifBy . The for-profit education provider disclosed in a filing with the Securities and Exchange Commission on Thursday that the department had put it on “heightened cash monitoring” status, which restricts how it can receive student-aid funds. ITT warned investors in July that it might face financial restrictions over its failure to turn in a series of financial statements and audits from last year by a June 30 deadline. More...

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