> Personally I don't think the government has the right to bar anyone from getting any kind of education.

Not sure how you got that from the linked article.

Here is the issue:

ITT is under threat of having its accreditation revoked, which could lead its 137 campuses to close and result in tens of thousands of students seeking loan forgiveness.

The federal government stands to lose millions of dollars in student loan repayments if ITT loses accreditation. Same thing happened with Corinthian Colleges last year - https://studentaid.ed.gov/sa/about/announcements/corinthian