Students of Vatterott College in Springfield were greeted with a posted letter on Monday saying they no longer had a school to attend.
The owners of for-profit Vatterott also sent emails to all students this afternoon stating they were closing for a variety of reasons.
Vatterott’s owners claim they tried to sell their Missouri school locations but were blocked by federal regulators because the school accepted federal financial aid.
“Unfortunately, the U.S. Department of Education recently decided to significantly increase the restrictions on Vatterott’s participation in the federal financial aid programs,” Vatterott claimed in their letters. “Vatterott is unable to continue operation under these restrictions, and consequently, is unable to complete the aforementioned sale.”
The owners claim they are looking for other schools who will allow students to transfer to complete their degree programs.
The letter sent by Vatterott to students is below: