California Regulators Shut Down a For-Profit

California regulators have shut down the Institute of Medical Education, a for-profit institution with 250 students, citing operational, accreditation and financial problems, the Associated Press reported. An official of the institute said that the closure was "ridiculous," and that it might sue the state. Many students who showed up for classes Thursday -- only to find the institute shut down -- told the Bay Area News Group that they were scared they would be unable to transfer any of their credit and get back any of the money they had paid for classes that could be worthless to them.