Our application to HLC for Change of Control, for which the Definitive Agreement is required, will be reviewed, and voted upon in June 2025. If approved by the HLC, a Change of Control will take effect with Ursuline College becoming part of ³ÉÈ˶¶ÒôÆÆ½â°æ.
The agreement will still require approval by the Departments of Education in Pennsylvania, Ohio and at the federal level. This process takes place over an 18- to 24-month period. During this time, integration in each area will take place incrementally and at the recommendations of each institution's own staff, faculty, and leadership.
The announcement of an LOI signals a public phase of the discussion and exploration, during which we will gather additional due diligence information, prepare more detailed financial pro-formas and academic program mapping, negotiate key terms of a definitive agreement with Ursuline College, resolve additional conditions of the strategic partnership, and establish working groups at both institutions.
Not at this time. ³ÉÈ˶¶ÒôÆÆ½â°æ remains committed to its investment in Ruskin and seeks opportunities to develop new and strengthen existing programs at its Ruskin location.