Which schools have transfer agreements with Cardinal Stritch?Ībout 30 schools have reached out, Scholz said April 12. The school's academic advising staff and student counseling service center will be available during the transition to answer questions. Students close to completing graduation requirements may receive services this summer "to the extent financially possible," Scholz said.įor others, Cardinal Stritch is finalizing partnerships with local colleges and universities to relocate existing students. And once it was finally exhausted, we felt like we had, we had no other choice." What's next for students? But it took long because we tried every single option that we could think of. "And that's what obviously made it so painful. "The timing was really sensitive and, in the end, it happened fast," he said. Only a very tight circle of people knew about the discussion, Scholz said. It, it didn't become clear until really late." We, we were constantly reviewing our financials, our enrollment data, trying to determine, you know, having all of these other options in front of us. "It was the timeline that we were working with. "It had only been in the last few weeks that, you know, it's not like, it's not like we were trying to deceive anyone," he said. Scholz said he didn't know the exact timeline, but school leaders were probably debating all options as of a month ago. Given the state of the school's finances and enrollment, was this decision really made so quickly? Technically, the Board of Trustees voted on the matter last week and then sent it to the Sisters of St. If we could have done anything differently, we surely would've." What was the timeline like for school leaders arriving at this decision to close? Why weren't students and staff notified sooner?
We explored everything and way beyond what, probably, what most people think about, but in the end, this was the only pathway forward. "We worked with my senior leadership team. "We literally explored every option, and we worked with our Board of Trustees, obviously, very closely on this," he said. But the time it takes to merge and receive the proper accreditation is between 18 and 24 months, time he said Cardinal Stritch didn't have. Did Cardinal Stritch consider merging with another school? At the request of the Journal Sentinel, a school spokesperson is working to obtain that number from the chief financial officer.
Scholz didn't provide the size of the school's deficit at the time of the announcement. That exacerbates the school's budget, which publicly available tax documents show has been running at a financial deficit for seven of the last eight years. That dropped to about 1,250 this year.įewer seats filled means fewer tuition dollars flowing into college coffers. Federal education data show the school enrolled more than 6,000 students in the year before the Great Recession.
Here's what we know: Why is the school closing?Ĭardinal Stritch has lost a massive number of students over the past 15 years. The Milwaukee Journal Sentinel interviewed Scholz on Wednesday, two days after the announcement.
"I want to reassure you that we are doing our best to have answers for you," Cardinal Stritch President Dan Scholz said in a video announcing the Fox Point school's closure. The abrupt closure of Cardinal Stritch University at the end of this semester has left hundreds of students and employees with questions about what their futures may hold. Watch Video: Cardinal Stritch students react to the school's sudden closing
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