1418281984208642051

It seems they lost their accreditation.

Losing accreditation means, by law, losing access to federal grants and loans from the U.S. Department of Education, the main source of revenue for the schools. CEHE already was at risk of losing that aid, and veterans education benefits from the VA as well, because a Colorado trial court last year determined after trial that the company and its executives had violated the state consumer protection law by deceiving numerous students. Eighteen organizations, and I, have petitioned the education department to cut off the aid, citing federal law requiring an aid cutoff for schools and executives found responsible for fraud. Senators Dick Durbin (D-IL), Sherrod Brown (D-OH), and Michael Bennet (D-CO) subsequently called on the Department to do the same.

CEHE appealed the court ruling, has contested the federal aid cutoff assertion, and almost certainly will appeal the accreditor ruling. But the chain, which converted from for-profit to non-profit status in a troubling deal, making its founder Carl Barney even richer, and which this week was scrutinized with other converted schools in a congressional hearing, and which has engaged in blustery attacks on its critics, is also being sued for fraud by the U.S. Justice Department and is under investigation by the Consumer Financial Protection Bureau."

https://www.republicreport.org/2021/breaking-citing-performance-failures-accreditor-dumps-independence-university/

Veterans can also contact Veterans Education Success to discuss their options. https://vetsedsuccess.org/help-for-students/closed-school/

Outrageous for the school to not disclose information to their students. I guess it is all over for IU and they are now IOU.