Acquire is releasing New Class of Heroes: Chrono Academy for PSP in Japan on July 19. The RPG follows three transfer students stuck repeating one year of adventurer's school in a time loop. See some of the game in action in the trailer below, which features the appropriately titled theme song, "Time L∞p Syndrome."
Pre-orders of New Class of Heroes (Shin Ken to Mahou to Gakuenmono: Toki no Gakuen) will come with a drama CD and a premium ticket. A trademark for Chrono Academy was filed both in Japanese and English last month, so there's always a chance we could see this in North America at some point.