Vista College El Paso Closes Permanently Due To “Financial Circumstances”

ByRichard C. Sloan

Oct 10, 2021

EL PASO, Texas (KTSM) – Vista College, a trade school with campuses located in El Paso and Las Cruces, announced its permanent closure on Friday.

Vista College emailed its students and staff on Friday announcing the closure of its campuses.

Vista College has made the difficult decision to cease all operations as of the close of business on October 8, 2021. While we are in compliance with accreditation and state / federal regulations, we are not able to continue in financial position, “said Vista College officials. in a report.

The students took to social media to announce that the college had informed them of its closure.

“We apologize for this sudden notice, but due to unforeseen events we were unable to pursue the new term on October 11 or continue the current term in nursing,” Vista College officials said in a statement. .

The college said officials are working to identify potential transfer colleges and schools for students to graduate.

Students are advised to watch Vista College website because officials will post more important updates and information.

College officials said they provide loan discharge criteria for campus closures:

Students may be eligible for 100% loan relief from the William D. Ford Federal Direct Loan Program (Direct Loan), Federal Family Education Loan Program (FFEL) Loans, or Federal Perkins Loans if the students are unable to complete a program due to a school. closing and if:

  • the student was registered when the school closed
  • the student was on leave of absence when the school closed
  • the school closed within 120 days of the student’s withdrawal, if the loans were first disbursed before July 1, 2020: or
  • the school closed within 180 days of the student’s withdrawal, if the loans were first disbursed as of July 1, 2020.

Vista College has stated that students are not eligible for release loans if the school closes and any of the following conditions are true:

  • Except in exceptional circumstances, the student has withdrawn more than 120 days before the closure of the school, if the student loans were disbursed for the first time before July 1, 2020; Where
  • Except in exceptional circumstances, the student withdrew more than 180 days before the school closes, if the student loans were first disbursed on July 1, 2020 or after.
  • The student completes a comparable educational program: either through teaching, or by transferring academic credits or hours earned in the closed school to another school or by any other comparable means.
  • The student has completed all courses in the program before the school closes, even if they have not yet received a diploma or certificate.

For more information on Federal Loan Discharge, visit https://studentaid.gov/manage-loans/forgiveness-cancellation/closed-school and https://studentaid.gov/announcements-events/closed-school.

For local and breaking news, sports, weather alerts, videos and more, download the FREE KTSM 9 News app from the Apple App Store or the Google play store.


Source link