Lourdes University in Ohio Announces Closure After Academic Year Due to Financial Crisis
Lourdes University, located in Ohio, has made the difficult decision to close its doors at the conclusion of the current academic year. This announcement comes as a direct result of mounting financial pressures and a persistent decline in student enrollment. The closure follows an extensive review by the Board of Trustees and the Sisters of St. Francis of Sylvania, the university's sponsors, who determined that continuing operations is no longer sustainable.
Continuation of Normal Operations
Despite the impending closure, Lourdes University will maintain normal operations throughout the remainder of the academic year to ensure minimal disruption for students and staff. All classes will proceed as scheduled, and student services along with academic programming will remain fully operational. Additionally, the Lifelong Learning Programs and events at the Franciscan Center will not be affected by the closure. University leadership is actively coordinating with local educational institutions and regulatory bodies to establish clear pathways for students to continue their education seamlessly.
Financial and Strategic Considerations Behind the Closure
The decision to close Lourdes University was not made lightly. It stems from a comprehensive analysis of the institution's financial health, enrollment trends, and long-term viability. Despite decades of unwavering support from the Sisters of St. Francis, the university faced insurmountable challenges, including rising operational costs and an unsustainable funding model. The necessary level of subsidy to keep the university afloat was deemed unfeasible, leading to this definitive action.
Comprehensive Support for Students During Transition
Lourdes University is committed to providing robust support to its students throughout this transitional period. The institution will offer:
- Detailed degree completion guidance and transfer options to facilitate smooth transitions to other universities.
- Individualized academic support and guaranteed access to student records to ensure continuity in education.
- Dedicated contacts and resources to assist students and their families, offering personalized help during the closure process.
To further aid in this transition, university leadership will host informational Zoom meetings. A parent meeting is scheduled for Tuesday, February 17 at 6 PM, and a student meeting with University of Toledo Admissions will take place on Wednesday, February 18 at 1 PM.
Key Messages to the University Community
While the closure marks the end of an era, the value of the education and the rich community experience at Lourdes University remains intact. The institution emphasizes its core Franciscan values, which include:
- Commitment to the whole person, fostering holistic development.
- Service to others, encouraging community engagement and altruism.
- Respect for human dignity, upholding ethical standards in all interactions.
These principles will guide the closure process and the ongoing support for students, faculty, and staff, ensuring that the university's legacy endures through its community.
Next Steps and Ongoing Updates
University leadership will continue to provide timely and accurate updates as final details are ironed out. The primary focus remains on:
- Ensuring minimal disruption for students, allowing them to complete their academic year without hindrance.
- Communicating open, reliable, and precise information to all stakeholders, including students, families, and staff.
- Supporting faculty, staff, and families through the transition, offering resources and assistance to navigate this challenging period.
As the academic year progresses, the university community is encouraged to stay informed through official channels for the latest developments regarding the closure and support measures.
