Denver-based Westwood College announced Wednesday it will shut down in March, according to a CBS affiliate.
In November, Westwood, which has 14 campus locations nationally, announced it would stop enrolling new students. The decision came after the college made an agreement with the Illinois attorney general's office to wipe out $15 million in student loans.
In 2012, Westwood settled with the attorney general of Colorado for $4.5 million for deceptive marketing. In 2009, the college agreed to a $7 million settlement with the U.S. Department of Justice related to a complaint about filing false claims for federal student aid.