Princeton Review plans to shut down free after-school tutoring program at end of school year

Princeton Review terminates tutoring program

FRAMINGHAM, Mass. — Test prep and online learning company Princeton Review Inc. said Tuesday it will no longer offer its free after-school tutoring program after the current school year ends.

The company will close certain program offices and offer severance to 60 full-time employees nationwide, a spokesman said.

Princeton Review said it will incur about $2.6 million in expenses for the quarters ended June 30 and Sept. 30 relating to lease termination and layoffs.

The company said “recent philosophical changes at the state and federal levels have significantly altered the landscape” for such programs and hurt growth opportunities.

The program, called Supplemental Educational Services, worked with about 100 school districts across the country to create free tutoring services for students. The decision does not affect Princeton Review’s test preparation business.

Shares of the company dropped 13 cents, or 4.7 percent, to close at $2.64.