News is breaking that Daymar College is expecting to close its Owensboro and Madisonville campuses in 2018.

Enrollment for new students on both campuses has been suspended. However, Chancellor Dan Peterson said the campuses will remain open "until our current students graduate or leave on their own. We are committed to both the academic and personal success of the students as long as they are enrolled in our programs.”

The Owensboro campus opened in 1995. It was the former Owensboro Junior College of Business. The name was changed to Daymar College in 2001. The Madisonville campus opened in 2010.

A lawsuit was filed against Daymar in 2011 as allegations surfaced the school had violated the Consumer Protection Act and they had provided false and misleading information to students about the transferability of credits earned at Daymar. The suit was settled last September resulting in Daymar agreeing to pay $1.2 million to qualified students and to stop trying to collect student debt from former students totaling $11 million.

Chancellor Peterson said the closures would not affect Daymar's other campuses in Bowling Green or Bellevue, KY. Daymar also operates campuses in Tennessee and in Ohio.

(Source: Messenger-Inquirer)