Virginia Intermont, a private college near Bristol, closed following its final graduation ceremony, bringing an end to the school that failed to find the merger partner that it had hoped would rescue the school from financial troubles.
Virginia Intermont College conducted a bittersweet final graduation ceremony in the wake of a loss of accreditation and a failed merger that unraveled the private college. According to a report by WCVB, the faculty president took a moment during the ceremony to voice his concerns that the school's demise was preventable. Faculty President Dr. Robert Rainwater was quoted as telling graduates, "Before we celebrate the great happiness of this graduation, let us acknowledge and express our feelings of sorrow and grief that VI days are over." He asked students to say good-bye after weeks of uncertainty about the school's future. "Intermont could've survived, things could've worked out otherwise, but we followed our leadership and it led to complete institutional failure," Rainwater said. If you have concerns about the cause of Virginia Intermont's loss of accreditation and other problems that you wish to share with an attorney, contact us at email@example.com.
Students and faculty members at Virginia Intermont College recently received the stunning news that their school's future is in limbo.
According to a report from tricities.com, VI president E. Clorisa Phillips last month informed hundreds of gathered students and faculty about the "devastating news" that a planned merger with another school would not be taking place and that the school stood to lose its accreditation effective July 1, 2014. According to the news report, "The news came nearly 10 months after the Southern Association of Colleges and Schools Commission on Colleges voted to drop VI from its membership, which would have ended its accreditation and its ability to provide federal financial aid for students. While accreditation isn’t required for operating, it is the gold standard and school officials had worked for much of the year to retain it." In the interim since the accrediting body's pronouncement in June 2013, VI had been hoping to arrange for a merger with Florida-based Webber International University. But an arrangement with the institution could not be reached.
The Tricities.com report indicates that Phillips, VI's president, is refusing to say that the 130-year-old school will definitely close later this year, but that "the failed merger and pending loss of accreditation are clearly the most damaging blows yet for a school that continues to struggle to pay its bills."
The School's 130th graduation is to be held on May 4th, followed by an 8-week summer course. Plans thereafter have not been made clear, Tricities.com reported.
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