Philadelphia

For-Profit College, With Branches in Philadelphia,N.J., Closes

A for-profit college called Star Career Academy shuttered its doors Tuesday, including branches in Northeast Philadelphia and South Jersey, according to the school's website.

The school, which had 1,000 students at a handful of satellite branches in New York, New Jersey and Philadelphia, canceled classes and would not re-open, it said in a statement.

The school blamed poor finances and declining student enrollment in the statement. A spokesman did not immediately respond to a message seeking additional comment.

"Star Career Academyโ€™s closing is the result of the negative financial impact of a continued declining student population while operating in the challenging for-profit post-secondary school industry," the statement read. "Star Career Academy has done everything in its power to prevent closure after operating for 37 years and providing a supportive educational environment for thousands of students."

On its website, the school provided some details about who the closure affects current students' credits, loans and transcripts. 

"We will be performing the required Return to Title IV refund calculations over the next 30 days. Once that process is completed, you can begin your application for student loan discharge," the site read.

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