The company blamed the government for disrupting “the lives of thousands of hardworking ITT Tech employees and their families.” remembering its schools have helped hundreds of thousands. “With what we believe is a complete disregard by the U.S. Department of Education for due process to the company, hundreds of thousands of current students and alumni and more than 8,000 employees will be negatively affected,” ITT said in a company statement explaining the situation created. Federal authorities sustain It’s even investigated by more than a dozen state attorneys general and two federal agencies. ITT spent much of the past two years clouded by allegations of fraud, deceptive marketing and steering students into predatory loans. ITT had 8,000 employees. Students can try to transfer their credits to other institutions or start over.