Kalayaan College said it will be ending its operations after 22 years due to financial losses.
A letter signed by President Maria Oliva Z. Domingo which was posted on the school’s Facebook page said the school’s board of directors had “heartfelt feelings and [are] left with no other options” but to end operations “due to continuing financial losses brought about by declining student population and exacerbated by challenges caused by the ongoing pandemic.”
“With deepest regrets, KC shall be signing off after 22 years of providing quality education to the public,” the statement, quoted by a GMA News report, said.
The college said it has also informed the Commission on Higher Education (CHED) of this decision and will comply with the needed processes, GMA News reported
All classes held online will begin on August 15. Registration will start in the second week of August.
The college said it will offer limited general education and major courses to allow senior students to complete their degree programs.
However, seniors with courses not offered by the college are allowed to cross-enroll in other schools.
The school further said non-senior students will be allowed to enroll in the limited course offerings. However, Kalayaan College will not “guarantee” completion of their degree programs.
“The Board apologizes for this short notice and extends its gratitude to all students and parents who put their trust in Kalayaan College. “We take this opportunity to thank our faculty and staff for their dedicated service,” Kalayaan College said.
Kalayaan College is located in New Manila, Quezon City. It is a private institution founded in 2000 by senior professors from the University of the Philippines (UP)—led by the late UP President Dr. Jose V. Abueva.