Indiana's share of a $330 million national settlement follows investigations by several attorneys general over student loans offered by the for-profit school.

The Carmel-based for-profit college chain said in a statement Tuesday that it is ending academic operations at all of its campuses across 38 states.

The Carmel-based company that operates ITT Technical Institute announced Tuesday that all of their campuses will close, following a set of crippling federal sanctions.

The for-profit schools are under fire from the State Board of Nursing for their graduates' lackluster performance on license exams.