COLORADO SPRINGS, Colo. (AP) — Colorado Technical University in Colorado Springs could be suspended from enrolling new students under the GI Bill program that provides financial aid to student veterans, federal officials said.

The Department of Veterans Affairs cited “advertising, sales or enrollment practices that are erroneous, deceptive or misleading” in its decision to suspend the universities from the program unless corrective action is taken in 60 days, the Gazette reported Tuesday.

“We believe that we can demonstrate to the VA that we are in full compliance with their requirements and that necessary corrective action, if any, has already been taken," said company officials with Perdoceo Education Corporation, the university's parent company.

Colorado Tech had 23,600 students at the end of 2019 and generated about $400 million in revenue overall. About 4,000 students were on the GI Bill and received about $32 million for about 3,300 students in the same timeframe, officials said.

About 200 students filed complaints with the agency against Colorado Tech in the past year.

Current students would not be affected by the action as long as they maintain continuous enrollment, federal officials said, warning that independent state agencies responsible for approving programs could still take their own actions.

“Our aim in taking this action is to protect veterans and their dependents’ GI Bill benefits and comply with the law,” agency Secretary Robert Wilkie said. “The department is committed to helping beneficiaries avoid any negative consequences that may result."