I was watching the news earlier today and heard that the institution Career Point College was shut down immediately over the weekend.This institution was a private two year, for profit career school with several locations including Austin and San Antonio. Students and teachers received a letter from president and CEO Larry Earle over the weekend with this horrific news. In the letter, Larry Earle said school management had received information about three employees who had been violating rules regarding student aid. Larry Earle claimed that they reported the issue to the Department of Education and they were planning on repaying all the funds that had been taken. The president said the college had already exhausted their available resources and they had major funding restrictions from the Department of Education because of the violation of rules, therefore they had not choice but to shut down the college. As a student this is one of the worst nightmares, I cannot imagine waking up and receiving an email saying "Hey by the way your school has been shut down, have a great day though!" So many students and employees are now stuck in a stump because of someone else's decisions. I hope all the individuals affected get some type of support and the institution comes up with a better solution than to just shutting the school down.
http://www.ksat.com/news/career-point-college-students-teachers-receive-letter-saying-schools-shutdown
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