File this story under higher ed bubble.

Jeremy Allen of M Live reported.

Cooley Law School announces plans to close Ann Arbor campus

Cooley Law School announced today that it intends to close its Ann Arbor campus — located at located at 3475 Plymouth Rd. — at the end of the year.

According to a news release on the school’s website, the proposal to close the campus “follows implementation of a financial management plan announced July 1, 2014.”

Cooley – an independent, private, non-profit educational institution affiliated with Western Michigan University – notified its students that Dec. 31, 2014, will be the last day the campus would be open.

The closure is subject to the approval of teach-out plans submitted to its accrediting agencies, the Higher Learning Commission and American Bar Association – Section of Legal Education and Admission to the Bar.

Months before Thursday’s announcement, the school told its Ann Arbor students of the accommodations it would provide them should the campus close. Those include:

• early registration at other campuses

• $1,500 cash stipend to help cover costs of attending a different campus

• $3,500 stipend for a bar review course for graduates

• specialized advising for registration, financial aid, housing and other issues

• possible adjustment to available financial aid

• additional consideration to students with special circumstances.