Medaille University to Close at the End of August
“In the weeks ahead, Medaille faculty and staff will be working with each student individually to assist them in the teach-out process to other institutions.”
Medaille is another case of declining enrollment, combined with other financial difficulties.
WGRZ News reports:
Medaille University announces it will close, Student Government Association speaks out
Medaille University announced Monday that the school will close at the end of the current semester after failing to reach a deal with Trocaire College.
Last week, Trocaire announced it was terminating its plan to purchase Medaille University.
“Efforts towards completing an asset purchase between Trocaire College and Medaille University have been terminated,” according to a statement from Trocaire College’s public relations firm.
Trocaire College President Dr. Bassam Deeb said last week, “This is not the outcome we strived for as significant human and financial resources have been invested by both institutions in the attempt to consummate the proposed transaction.”
Medaille University Interim President Dr. Lori V. Quigley issued the following statement Monday:
“Medaille has been under significant budgetary constraints over the last several months due to several factors, including declining enrollment, outstanding liabilities, and other challenges that are affecting colleges and universities across the region, state, and nation. Because the integration will not occur, and due to the financial instability of the institution, the Medaille University Board of Trustees has voted to close Medaille, as of August 31, 2023.
“In the weeks ahead, Medaille faculty and staff will be working with each student individually to assist them in the teach-out process to other institutions. Our first concern and highest priority are to successfully transfer all current Medaille students to other schools where they will be able to finish their academic careers in their chosen discipline. Students who are on track to complete their required credit hours and graduate on or before August 31, 2023, will still be able to complete their coursework and earn their degree from Medaille University.
“Additionally, Medaille will be providing assistance to faculty and staff, such as placement and referral services, as they continue their careers with new institutions and organizations.
“We understand the magnitude of this decision and its resulting impact on the lives of our students, faculty, and staff, and we will do everything possible to support our campus community during this time of transition.”
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Going the way of other small privates, sorry to say. We’ll see more of this over the next few years along with a few struggling rural public unis.
The number of college-aged students is declining, and doubt is growing about the value of a college education compared to the cost.
The same number of institutions is competing for a declining number of students. Something has gotta give.
The source story, linked above, cites a Student Government Association statement that blames the trustees for ignoring multiple no confidence votes and a grievance letter, resulting in the failure of the school. Apparently, these self-important twits believe they had the answers all along and if the trustees had only listened to their whining, it would all have worked out.
Then easy — they should buy it.