Colegio De San Lorenzo closes doors due to financial issues

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Metro Manila (CNN Philippines, August 15) — Colegio De San Lorenzo, a private school in Quezon City founded in 1987, announced it will permanently stop its operations after more than 30 years.

"With a very heavy heart, we would like to inform you that due to the financial instability and lack of financial viability brought about by the ongoing pandemic and exacerbated by consistent low enrollment turnout over the past years, the Board of Trustees has come to the painful and difficult decision to permanently close our institution, Colegio De San Lorenzo," school officials said in a statement Monday.

The school's low enrollee turnout for the school year 2022-2023 would make it difficult to continue operating, the board noted.

Full refund of enrollment fees will be initiated, it added.

Assistance to students for transfer to other schools will also be facilitated through timely release of their records and credentials.

For those in the college department, the officials said they are coordinating with a university to possibly transfer affected students.

These students are advised to reach out to the school's registrar office for further details and assistance.

The management said processing and claiming of enrollment fees refund, and release of transfer credentials will be accommodated from Aug. 16 to Sept. 19.

Education spokesperson Michael Poa said they will verify if the said school is under the jurisdiction of the Department of Education to be able to give it proper assistance.

Colegio De San Lorenzo is a Catholic institution founded by Cirilo Lloyd Balgan and Annette Balgan. The school aims to "respond to the Church's call for the laity's greater participation and involvement in the educational apostolate."

"They founded CDSL as an educational institution dedicated to the total formation of the Filipino youth who, like San Lorenzo Ruiz De Manila, will live their lives in the service of God," the school website read.