Coleman has only been around since 1963. That’s a pretty short run.

KUSI News reports:

Coleman University announces closing after 55 years

Coleman University announced Thursday that it will close at the end of the current term on August 5, 2018.

“Losing our bid for regional accreditation placed the financial sustainability of the University in question,” said Norbert J. Kubilus, President and CEO, Coleman University. “Our Board of Trustees and management have been seeking alternate forms of financial support to keep the school open. Finally, after exhausting all feasible resources, the decision to discontinue operations at the end of the current term had to be made.”

The University is negotiating various teach-out and transfer opportunities for its 204 students with other schools in San Diego. It is also working with the US Department of Education and the California Office of Student Assistance and Relief (“OSAR”) to assist students through this period.

OSAR is sending a team to Coleman University next week to start working with its students.

Coleman University has had an enviable record of educating non-traditional students for technology-focused careers for 55 years.

Declining enrollment over the last five years has taken its toll.