With its enrollment battered by the recent elimination of federal aid to students who lack high school diplomas, the Pennsylvania School of Business in Allentown will close next year, the school announced Thursday.
“We lost 50 percent of our incoming people,” PSB President Michael O’Brien said.
While it enrolled all types of students, the school specialized in helping those without high school degrees, O’Brien said. With federal aid to those students eliminated as of July 1, 2012, enrollment plunged. Over the last few days, school officials decided to close the doors in January, after the fall semester.
O’Brien informed students of the decision Thursday.