For-Profit Admits Rules Violations, Shuts Down

Career Point College, a for-profit institution in San Antonio, notified students and faculty members that it is shutting down, The San Antonio Express-News reported. A letter from the college said that three long-term employees had "collaborated to violate the rules related to student aid funds." After the college reported these violations to the U.S. Education Department, the department rejected a plan by the college to repay funds it received "inappropriately" and restricted the use of federal funds at the college, forcing the shutdown.