Overview
- The Board of Trustees voted Nov. 3 to wind down operations, with a final commencement set for May 8, 2026.
- Teach‑out and transfer agreements are in place with Calvin University, Olivet Nazarene University and Saint Xavier University to keep students on comparable timelines and costs.
- Acting president Jeanine Mozie said the college will provide advising for students and job‑search resources for faculty and staff throughout the transition.
- Financial records show operating losses in eight of the last ten fiscal years, a roughly 31% drop in cash year over year, an $11 million endowment and an estimated 76% of 2024 gifts coming from three donors.
- Officials said the institution will pursue the sale of campus real estate to address debt obligations as the shutdown proceeds.