Interboro college closes over lack of funds

Parent company raised insufficient funds
NEW YORK Parent company EVCI Career Colleges Holding Corp. says it will close Interboro Institute Inc. at the end of the semester.

Students will be able to transfer to other colleges, including Interboro's sister college, Technical Career Institutes.

Interboro belongs to the fast-growing segment of commercial colleges. It was the subject of an undercover state investigation in 2005 that found improprieties in enrollment and financial aid.

Interboro has several locations, including in Yonkers, Manhattan and Queens.

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