By Max Marin, The Philadelphia Inquirer (TNS)

The nearly century-old Valley Forge Military Academy is set to close for good in May, following years of declining enrollment, numerous abuse scandals, and allegations of financial mismanagement.

In a statement posted online Monday, the board of trustees said the academy’s future “is no longer viable” due to rising tuition costs and soaring liability premiums.

“Together, these factors made the Academy’s future unsustainable,” the trustees wrote.

The announced closure sparked outrage from parents and alumni who have vocally questioned leadership at the academy, a once-elite boys’ boarding school for grades seven through 12. Founded in 1928 in Wayne, VFMA’s notable alumni include Gen. Norman Schwarzkopf, retired Lt. Gen. and former National S

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