After three weeks of uncertainty, Martin University has officially announced its closure. The board of trustees revealed this decision in a letter, stating that the university would cease operations at the end of this year. They also mentioned that Martin has voluntarily relinquished its accreditation with the Higher Learning Commission. Losing accreditation means the university is not eligible for federal financial aid, which is crucial for many students.
Initially, on December 9, Martin University’s board indicated that they would be pausing operations due to financial troubles and declining enrollment. This decision came just a few days after almost all staff were laid off. In the wake of these events, alumni expressed their frustration, leading to public calls for the resignation of board chair Joseph Perkins.
The closure is particularly poignant as Martin University was Indiana’s only predominantly Black university, established in 1977. It has been a crucial institution for many students in the community. The board of trustees acknowledged the grief sparked by this decision and emphasized the need for civility during this difficult time.
“Personal attacks do not honor Martin’s mission or legacy,” the board stated, asking alumni and supporters to refrain from targeting individuals during this tough period.
In light of the closure, former students have been advised to transfer to other universities to complete their degrees. Both UIndy and Marian University have pledged to match Martin’s tuition rates for students who decide to transfer. This support can help ease the transition for many affected by the closure.
Financially, the board indicated that Martin University would need to sell assets to meet its financial commitments. Although it is unclear what specific assets will be sold, the university’s campus in Martindale-Brightwood, valued at around $13.1 million, may be included.
This situation isn’t just a local issue; it reflects broader trends in higher education. A report from the National Center for Education Statistics noted that nearly 1,000 colleges and universities closed from 2018 to 2022, often due to similar issues of financial sustainability.
As the community copes with the loss, it’s essential to remember the legacy of Martin University and the impact it has had on thousands of lives over the years.
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