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CHARLOTTE, NC, May 13, 2015 – Brookstone College of Business, a small, veteran owned private sector college, today announced it has ceased operations and discontinued instruction at its Charlotte and Greensboro campuses.
College officials are working with other institutions in the Charlotte and Greensboro areas to provide its 88 Charlotte area students and 119 Greensboro area students with continuing education opportunities. These efforts depend greatly on the support and cooperation of partnering institutions and relevant regulatory authorities.
The closure comes on the heels of increased federal regulation, such as the recently enacted Gainful Employment Rule, which mandates that schools must report student level data to the Department of Education going back to July 1, 2008. The impact of increased regulation drove up operating costs and distracted the small college from its core mission of providing quality education and training.
“It is unfortunate that the Charlotte and Greensboro communities have lost Brookstone as an educational resource for students,” said Brookstone’s President Jack Henderson. “Brookstone’s focus was always on helping our students to succeed, and we’re incredibly proud of the our proven track record in helping thousands of students get the necessary education and training to start real and meaningful careers.”
Brookstone College is a veteran-owned institution that over its 75-year history provided quality education thousands of students and provided career opportunities spanning the medical, accounting and technology sectors. Previously known as Ashmore Business College and Asheboro Business College, these two schools became Brookstone College in 1984 and relocated to the Greensboro area. The Charlotte campus was opened in 1987.