ITT and Student Loans

On August 25, 2016 the US Department of Education announced that new ITT’s students cannot take federal loans or grants to enroll at the institution.  DOE’s policy follows ACICS’ recommendation. It seems that there is a correlation why the Accreditor takes this dramatic action with the fact that ACICS itself has been recommended by the DOE staff to be restricted from its role as an accrediting agency back in June, 2016.  What can one learn from this story?