The following comes from a February 2 statement from Bishop Patrick J. McGrath on the Diocese of San Jose website:

It is with great sadness that I am informing you of the decision to close St. Lawrence Academy at the end of the 2015-2016 academic year.  This decision has been a difficult one, made in light of a significant accumulated deficit, declining enrollment levels, and the inability to raise funds to stabilize and sustain operations.

We are deeply sorry for the disruption to our community of families and staff, and most particularly our students. As Superintendent of Schools for the Catholic Diocese of San Jose, Kathy Almazol is working with St Lawrence Academy school leadership to help place our students in alternative academic settings where they can finish their high school education and prepare for college.