Almost 500 students in San Antonio have nowhere to go after the President of Career Point College sent them an email Sunday saying the school was shut down effective immediately.

Dozens of students gathered at Career Point early Monday morning trying to get answers about what was going to happen to the tuition they paid, the credits they've earned and wondering where they could go next.

"We don't know what to do right now, we're all stuck, we have nothing else," one student said.

In an internal memo to school faculty, president and CEO of Career Point, Larry Earle said the school discovered that three long-term employees violated rules related to student aid funds. After reporting the incident to the department of education, he said they decided to pull government funds to the school which forced it to shut down.

"It's amazing that the decisions of three people can turn all these people's lives upside down, so we're just here for answers. We want to get to the bottom of this, what's going to happen to us?" another student said.

The Texas Higher Education Coordinating Board said they didn't cut funding to Career Point. They were notified of fraud within the school and asked the school to provide more information by next Friday. They said schools are required to notify them prior to closing, but they didn't find out Career Point closed until Sunday when everybody else did.

The campus director of Souther Careers Institute in San Antonio said they're willing to transfer credits of Career Point students, help them enroll in similar programs and even provide them with financial assistance.

Wendy Lemon, owner of Texas Healthcare Institute for San Antonio, said she's willing to work with any nursing students who were attending Career Point to help them finish their degrees for free. They would just have to pay for their uniforms and text books.

The Texas Higher Education Coordinating Board has made a website for students whose schools have been shut down and plans to put resources specifically for Career Point students.

For more information you can visit,

Career Point CAN students are able to contact Texas Healthcare Institute of San Antonio for more information at