Schools accept Pennsylvania School of Business students
Allentown-based PSB closing in January
Several other schools are opening their doors to students from Pennsylvania School of Business in Allentown, which will discontinue operations in January 2014.
PSB is unable to continue providing educational services due to federal governmental spending cuts.
“Congressional funding cuts effective last July prevented five percent of our student population from beginning their studies," said Michael O’Brien, president of PSB in a news release. "And with enrollment dropping at that level, we determined it would be impossible for us to remain open beyond this coming January."
All of PSB’s students will have an opportunity to transfer their credits into another college because the schools are cooperating fully with the state and PSB, according to the news release.
They include Lehigh Carbon Community College,Central Penn College, DeVry Institute, McCann School of Business, Technical Career Institute and Lincoln Technical Institute.
“This is a managed transition for PSB’s students,” explained Dick Dumaresq, president of Pennsylvania Association of Private School Administrators. “Very little will actually change for them; even some of their teachers will remain the same. Only the school locations will be different."
While some current students will be able to graduate from PSB in either September 2013 or January 2014, others will be able to transfer into the other schools along with select PSB teachers and staff.
“Clearly, this is an unfortunate development for PSB’s students," said Dumaresq. "The good news is that we're confident their transition to the local schools will be smooth and easy.”
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