Closures and Mergers: Page 3

  • University of the Arts sign on campus in brass lettering.
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    Ben Unglesbee/Higher Ed Dive
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    University of the Arts faces full repayment demand from bondholders

    A bank notified the university just two weeks after its closure that the full amount was due. Meanwhile, employees are seeking lost wages.

    By • Aug. 29, 2024
  • Flags outside of University of the Arts campus.
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    Ben Unglesbee/Higher Ed Dive
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    Temple nixes potential deal with University of the Arts

    Although officials said they aren’t moving forward with a transaction, they noted Temple has enrolled over 330 former and prospective UArts students. 

    By • Aug. 29, 2024
  • Campus buildings at the University of Texas at San Antonio.
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    Longhornsguy07. (2011). Retrieved from Wikimedia Commons.
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    UT San Antonio to merge with academic health center to create ‘powerhouse university’

    System officials cast the move as a way to expand academic offerings and strengthen research funding. 

    By • Aug. 23, 2024
  • Image of college campus gate, closed.
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    EvgeniiAnd/Getty Images Plus via Getty Images
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    Number of colleges dipped 1.7% in 2023-24 academic year

    Data from the National Center for Education Statistics shows a decline in higher education institutions eligible for Title IV federal student aid. 

    By • Aug. 21, 2024
  • View of red brick Keystone College building in the evening
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    Courtesy of Keystone College
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    Keystone College agrees to merge with D.C.-based nonprofit

    The agreement with the Washington Institute for Education and Research comes several months after a similar deal with the organization fell through.

    By • Aug. 19, 2024
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    Yana Paskova via Getty Images
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    Column // Merger Watch

    Why is the higher education sector so fragile in the US?

    The answer lies in how colleges and universities first developed across the country, according to one consolidation expert.

    By Ricardo Azziz • Aug. 19, 2024
  • UWM's branch campus in Waukesha.
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    The image by Awkwafaba is licensed under CC BY-SA 3.0
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    Over 30 tenured faculty face layoffs under University of Wisconsin-Milwaukee plan

    The institution’s chancellor recommended closing a general studies college that supports two-year degrees.

    By • Aug. 15, 2024
  • Lackawanna College in Scranton, Pa.
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    The image by ajay_suresh is licensed under CC BY 2.0
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    Lackawanna and Peirce colleges to merge

    Leaders of the two Pennsylvania-based nonprofit institutions say their programs, missions and markets are complementary.

    By • Aug. 14, 2024
  • The campus of Mount Mercy University.
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    "Warde Hall, Mount Mercy University, Cedar Rapids, Iowa" by Bobak Ha'Eri is licensed under CC BY-SA 3.0
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    St. Ambrose University and Mount Mercy University to combine

    The two Catholic colleges expect the deal will help them share resources, though they will continue to have distinct campuses and academic programs. 

    By • Aug. 2, 2024
  • Gov. Tom Wolf talks with PASSHE Chancellor Daniel Greenstein
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    The image by Office of Gov. Tom Wolf is licensed under CC BY 2.0
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    PASSHE chancellor to leave post in October

    Dan Greenstein oversaw a major consolidation of six of the Pennsylvania system’s universities that aimed to put them on better financial footing.

    By • July 24, 2024
  • Senator sitting in chamber holds up paper
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    Win McNamee via Getty Images
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    Sen. Durbin calls on Education Department to protect students at 2 shuttering for-profits

    Northwestern College and American Academy of Art College both announced closures in July in the senator’s home state of Illinois.

    By • July 22, 2024
  • A set of closed gray doors
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    VisualArtStudio via Getty Images
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    Florida for-profit City College to close

    The healthcare career-focused institution’s decision to shutter after 40 years reportedly came as a shock to students.

    By • July 19, 2024
  • A building of the University of the Arts.
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    "University of the Arts Dorrance Hamilton Hall" by Beyond My Ken is licensed under CC BY-SA 4.0
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    Union files new charges of unfair labor practices against University of the Arts

    The Philadelphia college failed to properly bargain with both laid-off employees and those who were kept to help wind down operations, the union said.

    By • July 17, 2024
  • padlocked wooden door
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    meanmachine77 via Getty Images
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    For-profit Northwestern College closes abruptly

    The 122-year-old Illinois institution had faced scrutiny from its accreditor, including over concerns about its financial health.

    By • July 8, 2024
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    VioletaStoimenova/iStock via Getty Images
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    Q&A

    How to navigate a potential merger — from college leaders who have been there

    Two former presidents who shepherded their institutions through acquisitions share their insights into what makes a good strategic partnership.

    By • July 8, 2024
  • A locked gate is visible in front of a blurred background.
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    Inna Reznik/iStock via Getty Images
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    Clarks Summit University to close

    The Pennsylvania college furloughed all employees last month amid significant financial troubles and declining enrollment.

    By • July 2, 2024
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    Permission granted by Wells College
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    Deep Dive

    ‘We can’t cut anymore’: Can colleges recover from the gut-punch of inflation?

    Cost growth in higher ed is easing after big spikes in recent years. But institutions remain under steep financial pressure.

    By • July 1, 2024
  • A group of college students sit on a building's steps with their laptops open.
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    Drazen_ via Getty Images
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    Column // Merger Watch

    The FAFSA debacle: Another nail in the coffin for vulnerable colleges

    Issues with the form’s rollout have made identifying merger partners for many small colleges an even greater urgency, one consolidation expert argues. 

    By Ricardo Azziz • June 28, 2024
  • A blush-colored, stately old house that has been repurposed into an academic building
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    Retrieved from Wikimedia Commons.
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    Keystone College cuts employees and programs to help save $3.5M

    The private Pennsylvania institution was recently labeled a closure risk by its accreditor. Since then, it has announced a potential strategic partnership.

    By • June 27, 2024
  • Eastern Nazarene College campus buildings seen from a courtyard.
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    Retrieved from Eastern Nazarene College on June 26, 2024
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    Eastern Nazarene College in Massachusetts to close

    The private Christian institution said it has faced intensifying financial challenges and has exhausted its options to continue operating.

    By • June 26, 2024
  • A view of Holy Trinity Chapel at Concordia University's Ann Arbor campus
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    The image by Dwight Burdette is licensed under CC BY 3.0
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    Concordia University Ann Arbor to cut most programs

    Facing a $9 million deficit, the private Lutheran institution is keeping just nine in-person and seven online programs.

    By • June 25, 2024
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    (2019). Retrieved from Warren LeMay // Flickr.
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    Union Institute & University to close

    The private nonprofit faced an onslaught of financial and legal challenges over the past year, including a heavy fine from the U.S. Department of Education.

    By • June 20, 2024
  • People enter and leave a building on the campus of Pittsburgh Technical College.
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    Retrieved from Pittsburgh Technical College on June 11, 2024
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    Pittsburgh Technical College to close

    The private nonprofit’s accreditor warned that the college was at risk of accreditation loss and “imminent closure” less than a week ago.

    By • June 11, 2024
  • The University of the Arts' Dorrance Hamilton Hall at 320 S. Broad Street at the corner of Pine Street in Philadelphia.
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    The image by Mblumber is licensed under CC BY 3.0
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    University of the Arts’ sudden closure draws state, city reviews

    The Pennsylvania attorney general’s office is reviewing the abrupt shutdown, while Philadelphia’s city council is planning a hearing over the matter.

    By • June 11, 2024
  • Welding lab on Pittsburgh Technical College campus.
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    Retrieved from Pittsburgh Technical College on June 10, 2024
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    Pittsburgh Technical in ‘imminent’ danger of closing, MSCHE says

    The notice came just days after Triangle Tech, a for-profit trade college in the area, announced it would shut down.

    By • June 10, 2024