Several students thought Laurus Technical Institute was the place to make a fresh start, but now the future of the school is uncertain.
Channel 2 Action News got the email sent out to staffers explaining the school's financial status. The CEO says the school can't meet its financial obligations after being unable to get debt and equity financing.
In the letter, the CEO told staffers the school had a weak first quarter and winter session.
Student Tyrus Russell told Channel 2's Carl Willis, "There was a meeting yesterday. I guess it was to discuss this."
Russell also said teachers sent students home without explaining the school's situation.
According to the CEO's letter, the school is working with the accrediting commission and other schools to allow students to continue and complete their training elsewhere. No details about the transfer of credits are available.
"There's a little bit of anxiety, because what if nobody accepts us and we have to start all over?" Russell said. "That's money wasted."
Some school employees tell Channel 2 Action News they're worried they won't get all of the money owed to them by the school in their final paycheck.
The final decision on closing the school will be announced to students on Monday.