Buffalo, NY (WBEN) - In marking the end of an era and after attempts by Trocaire College to acquire its assets failed, Medaille University has announced it will close down permanently August 31st.
Medaille says there are confidential matters between both Trocaire and Medaille, but last week's announcement by Trocaire prompted the Medaille Board of Trustees to decide on the university's future.
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“Medaille has been under significant budgetary constraints over the last several months due to several factors, including declining enrollment, outstanding liabilities and other challenges that are affecting colleges and universities across the region, state and nation," said interim Medaille President Dr. Lori Quigley. "Because the integration will not occur, and due to the financial instability of the institution, the Medaille University Board of Trustees has voted to close Medaille, as of August 31, 2023."
Quigley says Medaille faculty and staff will be working with each student individually to assist them in the teach-out process to other institutions. "Our first concern and highest priority is to successfully transfer all current Medaille students to other schools where they will be able to finish their academic careers in their chosen discipline," adds Quigley. She adds students who are on track to complete their required credit hours and graduate on or before August 31, 2023, will still be able to complete their coursework and earn their degree from Medaille University.
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Quigley says Medaille will be providing assistance to faculty and staff, such as placement and referral services, as they continue their careers with new institutions and organizations.
“We understand the magnitude of this decision and its resulting impact on the lives of our students, faculty and staff, and we will do everything possible to support our campus community during this time of transition,” adds Quigley.
The Sisters of St. Joseph founded Medaille in 1937.