It wasn't a rumor. They announced it today, they don't have enough funds to keep the school 7th-12th. At the highschool age the ps highschool has more options then there small school (AP classes, sports/clubs). They are going to make it K-8 school for that reason and because the majority of the kids in our church our in that age range. They said they'll be announcing more details as they become available.
I don't think it'll be as bad as I thought it would be. :) Dd14 wasn't all that upset, like I thought she would be. She'll be able to spend more time in the gym and studio, but she did request that she gets online classes or co-op classes.