Administrators earlier this month assured students that everything was fine — even though the college had stopped paying employees.

Miami Herald reports.

As Miami for-profit college considers closing, 700 students in limbo

Less than four months after the sudden closure of Dade Medical College shook Miami’s for-profit college industry, another nursing school — Mattia College in West Kendall — has canceled this week’s classes, stopped paying its teachers and is getting ready to close.

The college, which also operates a second campus in Doral, has more than 700 students and more than 100 employees.

Should the Mattia campuses shut down, it would be the latest blow to the industry in Florida, where nearly one in five students attends a for-profit school. The past few months have seen the arrest of Dade Medical owner Ernesto Perez, the conviction of another Miami school operator on federal theft and conspiracy charges, and a Federal Trade Commission lawsuit against DeVry University — a national chain with three Florida campuses — that alleges “deceptive” recruiting practices.

DeVry denies those allegations.