The President of Kalayaan College, a private and non-sectarian institution founded by University of the Philippines (UP) professors, announced that they will be ending the institution’s operations due to “continuing financial losses.”
“With heartfelt feelings and faced with no other options, the Board of Directors of Kalayaan College, Inc. has decided to end the operations of Kalayaan College due to continuing financial losses brought about by declining student population and exacerbated by challenges caused by the ongoing pandemic,” Kalayaan College president Ma. Olivia Domingo said in a statement on Monday, July 4.
“With deepest regrets, Kalayaan College shall be signing off after 22 years of providing quality education to the public,” Domingo furthered.
In the same statement, Domingo clarified that the decision will become final after ratification by majority of the institution's stockholders.
During this transition period, they will be winding down their operations to a limited number of General Education and major courses in order for senior students to complete their respective degrees.
Kalayaan College likewise announced that they will immediately process the transfer credentials of students who will file with the Office of Registrar, an application for transfer to other schools, provided that the students have settled their financial obligations in full.