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 primary campus.
Marymount California were in search of a purchaser or merger association for some time. Marymount’s undergraduate enrollment has declined continuously because it peaked at 1,179 scholars all over the 2014-15 instructional yr, knowledge from the Nationwide Heart for Schooling Statistics confirmed. All over the 2019-20 instructional yr, the college enrolled 622 undergraduates.
However in December, the Southern Affiliation of Schools and Colleges Fee on Schools, Saint Leo’s accreditor, rejected the plan. The accrediting company rejected the prospectus for the purchase as a result of Saint Leo “didn’t supply a suitable plan and supporting documentation to make certain that it has the capability to agree to” SACS’s monetary duty usual, in step with a SACS record.
To start with, Saint Leo mentioned it could search the accreditor’s approval at a later date.
A Saint Leo observation on Wednesday mentioned: “The events didn’t obtain regulatory approval as expected in December 2021 and, confronted with a longer timeline for consummation of the transaction, in the long run determined it was once in the most productive pursuits of each universities to section tactics amicably.”