Thread regarding ECA (Education Corporation of America) layoffs

ECA School Closure & Employee Layoffs (December 2019)

The schools are closing and this is a sad week for everyone who spent years and decades here at Virginia College. We kind of knew it was coming, yet people kept hoping things will improve. The plan did not pan out. I am very sad about every single student that will suffer because of this – and there will be many that will be impacted. Time wasted, money spent, dreams unfulfilled – I frankly hope everyone will somehow figure out to move on and put this sad ordeal behind us. Good luck to all.

Dear Students,

In early fall, we undertook a path to dramatically restructure Education Corporation of America* (parent company of the campus in which you applied) to best posture it for the future. This plan entailed the commitment of 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. Unfortunately, this means that your enrollment will be cancelled and there will not be future classes at the campus in which you enrolled or any Education Corporation of America campuses.

We encourage you to pursue your career training with another school in your area that offers the same or similar program.

This is clearly not the outcome we envisioned for you or our schools, and it with the utmost regret that I inform you of this direction.

Stu Reed,

President & CEO

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