Career Point has announced its immediate discontinuation of operations. The institution offered career-specific diplomas in fields such as business, nursing and information technology.
Career Point was headquartered in San Antonio, Texas with branch campus locations in Tulsa and Austin. The Tulsa campus is located at 31st and Garnett. Career Point personnel are scheduled to be at the campus on Tuesday to assist with student questions, according to a bulletin posted at the campus headquarters.
Notices, signed by president and CEO Larry Earle, were sent to students Sunday announcing the immediate closure of the college.
The notices stated that two months ago the college’s management team discovered three long-term employees had violated rules related to student aid funds, according to the CBS affiliate in San Antonio. Earle self-reported the activity to the Department of Education and provided them with a plan to repay the funds taken.
According to the college’s notice, the plan was not accepted by the Department of Education forcing management to discontinue operations and close the college immediately.
The college has been around since 1984 and has not had one student lawsuit in its entire history according to the notice.
At the end, the college apologized to its staff and students and said they will be attempting to provide students assistance to other colleges that become available.
The notice ended with, “We apologize for closing the school, but in light of the actions by the Department of Education, we had no choice.”
Students and faculty plan to gather at the college on Monday at 7 a.m. for a prayer vigil.
Dan Earle, Vice President of Marketing, said the college is putting together a plan to distribute transcripts and when it's finalized the college will notify students.