Saint Leo University and Marymount California University have deserted designs to merge, The Tampa Bay Periods reported.
The major campus of Saint Leo is in Florida. The university is recognised for its a lot of on-line choices in addition to its principal campus.
Marymount California had been searching for a consumer or merger arrangement for a when. Marymount’s undergraduate enrollment has declined steadily considering the fact that it peaked at 1,179 pupils all through the 2014–15 tutorial yr, information from the Countrywide Centre for Education and learning Figures showed. For the duration of the 2019–20 tutorial 12 months, the college enrolled 622 undergraduates.
But in December, the Southern Association of Schools and Schools Fee on Colleges, Saint Leo’s accreditor, rejected the system. The accrediting company turned down the prospectus for the acquisition due to the fact Saint Leo “did not give an satisfactory program and supporting documentation to make certain that it has the potential to comply with” SACS’s economic obligation regular, in accordance to a SACS report.
Initially, Saint Leo stated it would search for the accreditor’s approval at a later date.
A Saint Leo statement on Wednesday explained, “The get-togethers did not receive regulatory acceptance as expected in December 2021 and, confronted with an prolonged timeline for consummation of the transaction, eventually decided it was in the most effective pursuits of both of those universities to section ways amicably.”