Come on Forbes... you are stretching here... ITT and other places it like it were raping naive folks, putting them in lifetimes of debt with little chance of getting a real job at the end...
These places were basically enriching themselves with your tax dollars and then leaving poor folks with a lifetime debt they could not wipe out or repay.
Given their entire (90%+) of cashflow was coming from federally backed student loans, I have no problem with the people making those loans saying you no longer meet the criteria to be able to get federal student loans.