YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

OTC steps in to transition displaced Vatterott students

Posted online

Ozarks Technical Community College is working to recruit students affected by the abrupt closure of Vatterott College. 

In a news release yesterday, OTC officials said its staff members will be available Dec. 18-21 to help students apply at the community college, transfer credit and seek financial aid.

The Springfield Vatterott College, 3850 S. Campbell Ave., was among 16 campuses the for-profit college system closed Monday after an announcement from owner Vatterott Educational Centers Inc. The local college’s fall enrollment was 117, up from 110 a year earlier, according to past Springfield Business Journal reporting.

A news release announcing the closures cited “changes in economic and regulatory conditions in recent years” that have had a “significant, prolonged, negative impact on the Vatterott institutions.”

Officials also cited recent restrictions on its federal financial aid programs imposed by the U.S. Department of Education, which they said led to a canceled sale to an interested buyer.

“The department imposed these restrictions despite the presence of an interested buyer and our clear communication that such restrictions would result in the school’s closure,” officials said in the release.

The schools offered programs for business, medical, technical and legal skills, among others, according to the Vatterott website.

Similar to the Vatterott closures, ITT Educational Services Inc. (NYSE: ESI) in 2016 shuttered all of its campuses, including a location on South National Avenue. ITT Technical Institute stopped accepting students after the federal Department of Education issued a rule prohibiting for-profit colleges from accepting new students with federal aid, according to SBJ archives.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: Beyond the Dining Room

Arctic Food Equipment hits quarter-century mark of service to restaurant industry.

Most Read
SBJ.net Poll
Would you gamble on sports matches if legalized in Missouri?

View results