For-profit school company BioHealth College Inc., which operates four Bryman College campuses in California, has filed for Chapter 11 bankruptcy protection.
It wasn’t immediately clear Monday what would happen as a result of the Chapter 11 filing. However, a bankruptcy filing would usually result in the U.S. Department of Education revoking the schools’ status as an institution that can accept federal student financial aid dollars. Most colleges can’t survive without that funding.
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