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Saint Leo College and Marymount California College have deserted plans to merge, The Tampa Bay Occasions reported.
The principle campus of Saint Leo is in Florida. The college is understood for its many on-line choices along with its predominant campus.
Marymount California had been searching for a purchaser or merger association for some time. Marymount’s undergraduate enrollment has declined steadily because it peaked at 1,179 college students in the course of the 2014-15 educational 12 months, knowledge from the Nationwide Heart for Schooling Statistics confirmed. Throughout the 2019-20 educational 12 months, the college enrolled 622 undergraduates.
However in December, the Southern Affiliation of Faculties and Colleges Fee on Faculties, Saint Leo’s accreditor, rejected the plan. The accrediting company rejected the prospectus for the acquisition as a result of Saint Leo “didn’t present an appropriate plan and supporting documentation to make sure that it has the capability to adjust to” SACS’s monetary accountability customary, in keeping with a SACS report.
Initially, Saint Leo stated it could search the accreditor’s approval at a later date.
A Saint Leo assertion on Wednesday stated: “The events didn’t obtain regulatory approval as anticipated in December 2021 and, confronted with an prolonged timeline for consummation of the transaction, in the end determined it was in one of the best pursuits of each universities to half methods amicably.”
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