Marymount College of California, a small Catholic college in Rancho Palos Verdes, will shut its doorways this summer time after greater than 50 years of operation, officers introduced Friday.
The choice to shut is due largely to falling enrollments, rising working prices and monetary struggles induced by the COVID-19 pandemic, the college stated in a press release.
“In the end, it is the monetary concerns. And whenever you have a look at what these monetary concerns are, the truth is that we’re pushed by tuition… Tuition is pushed by enrollment. And we have had enrollment since about 2014 or so. has seen a decline within the numbers,” College President Brian Marcotte stated in a phone interview with the Instances on Saturday.
“We’re dissatisfied, in fact, and the one factor we are able to say about Marymount is that it is a very family-like establishment and everyone seems to be feeling the ache collectively.”
The announcement comes practically six months after the 54-year-old establishment agreed to merge with St. Leo College in Florida, billed as a possibility to increase each colleges’ choices. However the merger was placed on maintain in current months after the regulatory approval course of got here to a halt.
Officers stated the ultimate slate of programs will finish this summer time, and the varsity will shut completely on August 31.
Marcotte stated the varsity will assist transfer 500 of its full-time college students to different universities and schools and assist 140 full-time academics and workers discover different work. A small variety of workers will proceed to be employed to assist with the closure of school operations.
“Proper now our purpose is to do all the pieces we are able to for our three core constituencies – our college students, school and workers,” Marcotte stated. “If there’s something we are able to will we need to assist them make the transition from Marymount to some other place.”
Marymount California College started in 1968 as a two-year junior school known as Marymount Palos Verdes School, when it was based by the spiritual of the Sacred Coronary heart of Mary. 9 years in the past, the varsity up to date its title to “replicate its enlargement right into a multi-campus establishment of upper training, providing four-year undergraduate diploma in addition to graduate diploma packages.”
The college’s scope and footprint have been expanded by the deliberate merger with Saint Leo. However the failure of that deal, together with the robust monetary and enrollment headwinds acquainted to many small, non-public schools throughout the nation, influenced a choice by the college’s board of trustees to shut its doorways, the varsity stated.
Though Marymount California provides solely a handful of diploma packages, it has additionally fielded a number of sports activities groups, together with the boys’s soccer staff on the nationwide degree.
Marcotte stated he believes the closure of Marymount California is an indication of the monetary struggles dealing with many smaller schools and universities. He added that if such establishments are anticipated to adapt to the altering monetary panorama of upper training, they need to “acknowledge your shortcomings on the earliest and work to beat them on the earliest”.
“I feel it is going to be a pattern with smaller, non-public establishments which are going to be underneath extra strain,” he stated.
“There are different colleges which have made productive preparations. I feel they’re out. I truthfully assume that the association we have been engaged on with St. Leo in Florida was a really productive possibility for us. However I feel the problem was the timeline. ,