DeVry University, a for-profit career school, announced Thursday that it plans to close its Lynnwood campus by the end of the year.

The school’s parent company, DeVry Education Group, announced Thursday that it was taking steps to reduce costs in the face of declining enrollment. Nationwide, total undergraduate enrollment at DeVry was down 15 percent in the first quarter of 2015 compared to the previous year, the company said.

Devry said it is pursuing a “transformation strategy” that includes following an online-only model of education in Seattle, which means the closure of its Federal Way and Lynnwood. Approximately 50 percent of Devry students in the Seattle area take their classes exclusively online, and more than 85 percent take a mix of classes on campus and online, Devry spokeswoman Susie White said in an email.

“Pending approval from the Washington Student Achievement Council and the Higher Learning Commission, we plan to close our physical location by the end of 2015,” White wrote. “We will be handling this transition with the utmost care exhibited to our students, faculty and staff. Our foremost priority is student success and we remain committed to assuring that our students have options for completing their program of study. We will be reaching out to our students to schedule individual planning meetings to discuss the options for them.”

These options include completing a degree program online, with a 20 percent tuition discount; transferring to another Devry University location, also with a 20 percent discount; or transferring to a local college or university with a comparable program. Devry said it is committed to working to find alternatives for its students using veterans’ benefits, as they may have “unique issues.”