Accreditation Trouble for ITT's Daniel Webster College

Daniel Webster College's regional accreditor last week told the small college, which the troubled ITT Educational Services owns, that it has reason to believe Daniel Webster may not meet accreditation standards and must "show cause" about why its approval should not be removed at a meeting later this month.

ITT, which is facing a raft of state and federal investigations as well as financial problems, recently froze all new enrollment after losing access to federal aid for new students. Roughly 45,000 students attend the for-profit chain's 130 campuses. Daniel Webster, which ITT bought in 2009 for about $40 million, enrolls 740 students at its campus in New Hampshire.