Drake Business School closing four NYC locations including Bronx site

The CEO and president of Drake Business School announced Tuesday the school will be closing its four NYC locations including the one in the Bronx.

The news comes just one week after CEO David Hart was shot inside a Queens subway station. In a letter on the Internet, Hart said that the shooting combined with the school's financial problems have forced the closing. He said he cannot carry on as the school's president and CEO.

Students who attend the school in the Bronx say they are worried about their future. Many attend the more than 130-year-old school as part of a requirement under the Welfare to Work Program.

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