Breckinridge nursing schools' poor NCLEX rates put ITT Tech in peril. But the company's problems have been going on for years. In 2015, CEO Kevin Modany and former CFO Daniel Fitzpatrick were charged with fraud. The parent company, ITT Educational Services, is now being propped up by Chinese investors and federal Title IV and GI Bill funds
That means that the school is giving students are certain time to graduate before the school closes. The amount of time can vary. 18-24 months is a common period.
A DC insider tells me that the Department of Education is trying to figure how to transfer the many thousands of students affected by ITT Tech/Breckinridge "teach outs."