Virginia College staff and faculty are now searching for new jobs after it was announced that the for-profit institution would close indefinitely after losing its accreditation.
Virginia faculty and staff received an email from the school’s parent company, Education Corporation of America (ECA), confirming the school closure.
According to CBS-affiliate WRDW, the college’s CEO Stu Reed said in the email, “This is not the outcome we envisioned, and is one we recognize will have a dramatic effect on our employees…”
Virginia College has struggled financially recently as a result of lower student enrollment. In October, ECA admitted to owing almost $47 million.
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