Two days after the University of Santa Leo and the University of Marymount California canceled plans to merge, the last institution announced on Friday that would close in August.
"Like other small schools dependent on enrollment, MCU has fought financially in recent years against the decrease in registration, the increase in costs and a pandemic, which university leaders recognized He put them in a position of not having the resources needed to support the operating expenses of the institution, "said university news statement.
"This is an extremely sad day for Marymount and for the legacy and lost traditions, both for our campus community and for the local area of Green Palos, we have called home for more than 50 years" , the launch quoted to Brian Marcotte, the president of the university, saying.
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Marymount California was founded by the religious of the Sacred Heart of Mary Order, at the end of the 1960s, as a two-year institution and began an aggressive boost to become an institution of Four years with graduate programs in 2010.
Marymount California has seen its registration in the failure in more than half since 2014-15, and has burned through campus leaders.
Last summer announced that it would merge in Santa Leo, another Roman Catholic institution located on a continent, in Florida. Googleg.cmd.push (Function () Googleg.Display ("DFP-AD-Article_in_Article");)
But in December, the Santa Leo accreditator, the Southern Association of Schools and Schools of the Commission From schools, he rejected his initial plan for merger. That he took the two parties this week to formally call the merger.
"The parties did not receive regulatory approval, as anticipated in December 2021 and, in front of an extended timeline for the consummation of the transaction, finally decided it was in the best interests of both universities To train in a friendly way, "said a statement by Saint Leo.
The closing ad came to the end of vote by the Board of Marymount California.
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"This decision was not made lightly", said Marcotte. "But we felt the most compassionate thing I should do was give it time everyone to make plans, our focus now will help our students, teachers and staff".
