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Brooks Institute, a for-profit visual arts college, has announced that it is shutting down in October. A letter on the institute's website cited "changes in economic and regulatory conditions." The Los Angeles Times reported that enrollment has dropped from 2,500 students in 2005 to 250 registered for this fall. Last week, The Ventura County Star reported last week that the president had been ousted and that a majority of board members had resigned. Last year, Career Education Corporation sold Brooks to gphomestay, a company that works with international students.