Administrators at Gibbs College in Norwalk announced to students and faculty Tuesday that the school will be closing next year.

Gibbs College President Kurt Peterson says he found out Thursday and broke the news this week. The college has approximately 530 students. Peterson says the school will no longer accept new students, but those currently enrolled will get a degree.

Some students worry they will only get a diploma, but won?t get an actual Associate?s Degree.

The school is set to closes its doors in December 2009.