(Virginia Beach, VA) -- Guidepost Montessori at Red Mill in Virginia Beach will be closing by the end of March due to financial challenges. Katie Gray with more.
Wrap Script:
Parents, like Mathew Grant, and staff members were surprised by the announcement, with some feeling frustrated and devastated.Preview: The parent company, Higher Ground Education, cited financial issues as the reason for the closure, mentioning the high costs of education and challenges in the job market. WAVY reports the school plans to provide resources and return tuition deposits to parents by the end of April.
Additional Audio:
Guidepost Montessori plans to close two locations in Virginia Beach as well as schools in Colorado and Oregon due to financial strain. Virginia Teacher Katrina Flores tells 10 On Your Side she and other parents and staff are now trying to find a way forward after the sudden closure announcement.Preview: Parent company, Higher Ground Education, says the decisions were made because some locations were operating with monthly losses of over $50,000 dollars per month. Officials say the regional manager will be on campus Friday to answer questions.
