Virginia College in Austin has closed. Students say they found out in an email that said “last night ACICS suspended our schools' accreditation with intent to withdraw.“
Students are able to finish their classes this week but many are not able to graduate.
According to their website, Virginia College, Austin has been placed on institutional show cause by its accreditor, the Accrediting Council for Independent Colleges and Schools ("ACICS"), because of the final adverse action taken by another recognized accrediting agency.
BREAKING: Virginia College in Austin is closed. @fox7austin— Natalie Martinez (@NatalieOnFOX7) December 5, 2018
Students found out this morning through an email, “last night ACICS suspended our schools' accreditation with intent to withdraw.“
Student are able to finish their classes this week but many are not able to graduate. pic.twitter.com/umJFsgTcFR
The website goes on to say that, after many years of successfully preparing students for new careers, Virginia College in Austin will no longer enroll new students effective Sept. 10, 2018. "As always, we continue to focus on helping our students graduate and assisting them with getting jobs in their fields. We are proud of our history, and we look forward to the success of our final class of students."
The following email was sent to students this morning:
In early fall, we undertook a path to dramatically restructure Education Corporation of America (parent company of your school) in an effort to best posture it for the future. This plan entailed the teach out of 26 of our campuses and then the commitment of capital from our investors additional funds from investors.
However, recently, the Department of Education added requirements that made operating our schools more challenging. In addition, last night ACICS suspended our schools' accreditation with intent to withdraw. The uncertainty of these requirements resulted in an inability to acquire additional capital to operate our schools.
It is with extreme regret that this series of recent circumstances has forced us to discontinue the operations of our schools. Your campus will close this month. Please contact your Dean or Program Director for the specific closure date of your campus.
You will receive credit for all courses that you completed and passed by the closure date. Information on how to request your transcript will be posted at www.ecacolleges.com within the next few weeks. If you do not graduate this month, we encourage you to continue your career training by requesting your transcript and contacting local schools to determine transferability.
This is clearly not the outcome we envisioned for you or our schools, and it with the utmost regret that we inform you of this direction.
President & CEO