MOBILE, Ala. (WALA) - Virginia College will close all campuses by the end of the week after losing accreditation from the Accrediting Council of Independent Colleges and Schools.

In a note sent to students, Education Corporation of America (ECA) President and CEO Stu Reed said the for-profit college will shut down by December 18. ECA is the parent company of Virginia College and Brightwood College. Brightwood will also be shut down this month.

According to a report by Inside Higher Education, Virginia College is one of the countries largest for-profit colleges with more than 20,000 students and 75 campuses. The school announced in September that its campuses in Mobile, Pensacola, Biloxi, and 23 other cities would close in June 2019. That was part of a reorganization plan brought on by dwindling enrollment and financial problems.

In the email to students and employees, Reed also claimed that "Department of Education added requirements that made operating our schools more challenging."

A small number of employees will remain on Virginia College campuses to help students with transcripts and other documentation.

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