Four-D College, a small for-profit institution that focused on training students for careers in health-care fields, said on Sunday that it would close its doors, effective immediately, the San Bernardino Sun reports.
Linda Smith, the president, said financial restrictions imposed by the U.S. Department of Education had taken a "wrecking ball" to the college’s cash flow. Four-D said in a messageon its website that its accreditor had recently denied the renewal of its accreditation after questioning the job-placement rates of its graduates.
The department put restrictions on the college’s access to financial-aid money as a result of the accreditor’s decision.
Read more at The Chronicle of Higher Ed: http://chronicle.com/blogs/ticker/small-for-profit-college-closes-in-california/101953