ST. LOUIS (AP) — A for-profit college that operates several Midwestern campuses has suddenly closed, citing mounting financial problems.
Vatterott Education Centers closed on Monday. In a letter to students, the suburban St. Louis-based college cited a U.S. Department of Education decision to limit Vatterott’s participation in federal financial aid programs.
The St. Louis Post-Dispatch reports that the federal agency’s decision doomed a pending sale of most of Vatterott’s campuses to another for-profit education company, Education Corporation of America . It also closed its campuses this month.
Vatterott operated 15 campuses specializing in culinary arts, automotive trades, allied health and music production, among other areas. It employed about 950 people.