Sage College, a California school specializing in training court reporters, suddenly closed this week, stranding about 350 students who received e-mails about the closure only days earlier, according to a report in the Riverside Press-Enterprise.

The newspaper reports that, "Sage College is the latest in a series of private for-profit colleges to abruptly quit the business. Unlike some other such institutions, however, there were no claims that the school had a bad actor. Instead, it fell victim to the actions of its accrediting agency, the Accrediting Council of Independent Colleges and Schools." 

In December, the accreditor, ACICS, lost a final appeal to retain its standing with the U.S. Department of Education to retain its status as an accrediting entity.  As a result, schools like Sage lost their accreditation status because they had been accredited by ACICS. Such schools had 18 months to find another accrediting agency.

Sage disclosed via an FAQ page this week that it had discovered it would be difficult to gain accreditation from a different entity. “We learned that Court Reporting programs do not meet required benchmarks to qualify for the approval process,” the material says, “therefore moving forward in that direction was not a viable option for us.”
On the eve of the resumption of classes following winter break, a Maine beauty school suddenly closed.  , with locations in Bangor and Lewiston, had been in operation since 1960.  The school charged its students more than $13,000 for training programs. Students and instructors were not immediately provided a reason for the closing.
A Bristol, Va.-based culinary close suddenly closed amidst a dispute with the U.S. Department of Education.  According to a report by WCYB, the Southwest 
Culinary Hospitality College closed after the school's eligibility for federal student loans was discontinued.  The school also allegedly owed more than $200,000 in payroll taxes.  About 70 students were reportedly enrolled in the school at the time of the closure.

A California-based for-profit school suddenly closed recently, marking the latest example of students and faculty being blindsided by the shuttering of a school with accreditation and financial aid troubles.
The Los Angeles Times reports that Career Colleges of America abruptly closed on January 9, 2014, after more than 25 years of operation.  Months earlier, the school had been notified by its accreditor that it was in danger of losing its accreditation due to budgeting and other fiscal issues.