News


Bryman closes BioHealth College, other for-profit colleges

State agency assisting students as college files for bankruptcy

Bryman College Monday closed BioHealth College in San Jose and its other for-profit colleges in Hayward, Los Angeles, San Francisco and San

Jose, according to the California Bureau of Private Postsecondary Education.

Staff members of the bureau, which regulates private colleges in the state, were made available this morning to assist students of the colleges, owned by San Jose-based Bryman, officials reported on the bureau's website.

Students of the colleges that shut down should obtain their academic, attendance and financial aid records as soon as possible in order to apply to transfer to another college, submit a claim to recover tuition money or ask for a student loan discharge from the U.S. Department of Education, bureau officials said.

The closure of BioHealth, which offered courses in biotechnology, pharmacy technology, medical assisting and business administration, came 10

days after Bryman filed for bankruptcy, according to court documents.

Bryman's chief executive officer and debtor Sam Shirazi filed a petition for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in San

Jose on July 18.

Shirazi cited from 50 to 99 unsecured creditors, $0 to $50,000 in assets and $1 million to $10 million in debts, the company reported in its

petition.

The chief executive's San Jose attorney David Boone could not be reached for comment.

No one answered the phone at BioHealth College, located at 1631 N. First St. in San Jose.

According to the state bureau, students wanting to continue in their former programs of study at Bryman must contact the new school they wish to attend to see if it would accept credits for transfer or permit them to complete a similar or identical program through a "teach-out" at no

additional cost.

Those who obtained federal student loans but do not transfer their credits or complete their programs may apply to have their loans forgiven

through a closed school discharge from the Department of Education, according to the bureau.

Shirazi started BioHealth College in 2003, after selling Computer Training Academy, a school he founded in 1990, to Corinthian Colleges in

2000, according to BioHealth College's website.

Corinthian, in an agreement reached on July 3 with the Department of Education, said it would sell or close its 85 Heald College, Everest College and WyoTech Technical Schools across the county, according to the company's July 7 Form 8-K filing with the U.S. Securities and Exchange Commission.

The Department of Education announced on June 12 that it had increased its oversight on Corinthian, stating that the company used faulty job placement information in its marketing materials, altered grade and attendance records and failed to provide records of enrollment and job

placements for students.

Jeff Burbank, Bay City News

— Bay City News Service

Comments

There are no comments yet. Please share yours below.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Choose a category: *

Since this is the first comment on this story a new topic will also be started in Town Square! Please choose a category that best describes this story.

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

CIA’s Five Stages of Woe
By Tom Cushing | 25 comments | 1,475 views

Las Positas Foundation CEO Ted Kaye announces his retirement
By Tim Hunt | 4 comments | 1,082 views

Where's the wind?
By Roz Rogoff | 2 comments | 642 views