Protective injunction for Virginia College ends, closing 17 sites
(AP) — Some 8,500 students are rushing to finish their coursework at an unaccredited for-profit college that is closing campuses to stave off creditors.
Virginia College’s parent company Education Corporation of America says demand has dropped in the improving job market, but the school also failed to meet standards for course instruction and many other criteria.
Media reports 17 of Virginia College’s 28 sites in multiple states are closing.
ECA wants a receiver appointed to oversee the company’s assets, including the restructuring and refinancing of the 11 remaining schools.
U.S. District Judge Abdul Kallon in Birmingham, Alabama, imposed an injunction that was set to expire on Monday.