Thursday, July 31, 2014

Bryman College owner with San Jose, Hayward schools files for bankruptcy - Katy Murphy, Mercury News

The owner of California's Bryman College chain -- with campuses in San Jose, Hayward, San Francisco and Los Angeles -- is in financial trouble and could close. San Jose-based BioHealth College, Inc., filed for bankruptcy Friday in the Northern District of California. On Monday, the U.S. Department of Education placed the company on a heightened financial monitoring status, according to a spokesman for the California private-college oversight bureau. That sanction could slow the flow of federal student aid dollars to the colleges, which would likely hasten their demise. http://www.mercurynews.com/education/ci_26196644/bryman-college-owner-san-jose-hayward-schools-files