Dive Summary:
- Officials at Chancellor University announced today that the college, the oldest in Northeast Ohio, is closing its doors, with all students transferring to California's private, non-profit Alliant International University at the end of the summer session on Aug. 25.
- Chancellor was founded in 1848 as a Folsom's Business College and its best-known graduates included John D. Rockefeller Sr. and Harvey Firestone, though it spent its final years forging through hard times and a bankruptcy as an online-only for-profit institution.
- No reason was given for the closure, and the school will end its affiliation with its accreditor, the Higher Learning Commission of the North Central Association, in October.
From the article:
... “Everyone at Chancellor is committed to making sure our students make a smooth transition to Alliant,” said Chancellor President Bob Daugherty in the release. “We are working to ensure each student’s individual needs are met and that all credits transfer in a seamless transition.” ...
