On Tuesday morning, students at ITT Technical Institute in Lexington were notified that their campus was shutting down for good. This is the second time in a matter of weeks that a for-profit college in Lexington has closed.

Students contacted WKYT on Tuesday morning after they said they recieved an email from school officials, notifying them of the closure.

On August 25th, the Department of Education issued a notice to the CEO of ITT Tech saying they are no longer allowing the school to enroll new students with federal aid. In the letter it said that the Department has been monitoring ITT Tech's operations and finances since August of 2014.

The department said that back in April, they got a notice from the Accrediting Council For Independent Colleges and School (ACICS) about ITT Tech. According to the letter, the ACICS called into question the school's administrative capacity, organizational integrity, financial viability, and ability to serve students.

Because of the report, the school was required to increase its surety in three installments to ensure it could meet its financial obligations to the Department of Education, should the university close.

The letter also stated that ITT Tech would need to find a new accreditation agency in order to remain eligible for Title IV funds.

In the email that was reportedly sent to students on Tuesday, the school said it has proposed alternatives to the Department of Education in an effort to meet the conditions, but school officials say those proposals were rejected.

Now that the school has closed, students may be eligible for a

. The Office of Federal Student Aid is posting the latest announcements regarding the federal student aid programs

. Students are encouraged to check there for updates.

“Based on our concerns for Kentucky students, my office is closely monitoring the situation,” Attorney General Andy Beshear said. “In fact, the Kentucky Attorney General is part of a 19-state coalition investigating ITT Tech. While it is our policy not to comment on investigations, I would encourage students to review information about ITT Tech on the U.S. Department of Education’s Website and continue to monitor that site over the next several days for updates on the issue.”

ITT Tech has campuses in Lexington and Louisville.

The for-profit college is hosting a series of national webinars to address students' questions and concerns.

The webinars are Wednesday, September 7 at 10 a.m., noon and 2 p.m.