The company behind ITT Technical Institute, the chain of for-profit schools in the United States, will shut down all of its campuses following financial sanctions from the U.S. Department of Education. ITT Educational Services said in a statement Tuesday it would shutter more than 130 locations in 39 states. The move affects hundreds of thousands of current students and more than 8,000 employees of the ITT Technical Institute, known colloquially as ITT Tech, the company said. “It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after approximately 50 years of continuous service,” it said in a statement on its website. A day later, ITT announced it would not enroll any new