Recently-shuttered Franconia for-profit school ACT College filed for bankruptcy last week, according to court documents.
The school's president denied charges made by the Department of Education in an interview with the Washington Post earlier this week, including those that the school of not giving students more than $200,000 in leftover federal student loan money.
The school, which offered training in various medical fields, its Franconia, Manassas and Arlington branches abruptly earlier this month after it failed to come to an agreement with the government.
According to a Chapter 7 bankruptcy filing made on April 4, the school has between $500,000 and $1 million in debts owed to between 200 and 999 creditors. The school's assets are between $0 and $50,000, according to the filing.
“There was never anything intentionally done wrong,” ACT's president, Jeffrey S. Moore, told the Post.
ACT College's Franconia branch was located at 6118 Franconia Road. The school has posted a list of alternate schools (PDF) for former students who need to complete their studies.
