MCU Closure Q&A
Why is MCU permanently closing?
MCU has struggled financially in recent years amid declining enrollments and rising costs, a pandemic and now the termination of a merger agreement with Saint Leo University. Despite the efforts of the board of trustees and senior leadership to find another alternative in a workable timeframe, the university was unable to secure the capital to fund a viable path forward. We informed our campus community immediately, as we know time is of the essence for students, faculty and staff to begin immediately reviewing transition plans.
Whose decision was it to close MCU?
After a comprehensive review of options that could potentially address MCU’s critical financial shortfall, the MCU Board of Trustees determined it was in the best interest of the university and its constituents to close.
When was this decision made?
The board of trustees voted on April 21 to close the institution. The university immediately notified faculty, staff and students on April 22 to give everyone as much time as possible to work on a transition plans.
Is there any chance this decision could be reconsidered?
No, the decision to close MCU on Aug. 31, 2022, is final.
What other options were explored to keep MCU open and why were they rejected?
MCU’s board and senior leadership extensively pursued and prepared multiple scenarios, including partnerships and mergers with other universities, selling real estate and taking a more phased closure approach, all of which proved to be unworkable.
Does MCU own the land? What happens with the money from the sale of the land?
Marymount owns the ocean-view campus without any debt on the property. Assuming we sell the land, we will use the proceeds for closing costs for the university, and the residual, which we expect to be substantial, is anticipated to be rolled into a Marymount educational foundation that will administer educational scholarships, programs and project needs in higher education under a separate board and director(s). Our desire is to continue the mission of the Religious Sacred Heart of Mary. More details will be shared at a later date.
What will happen to the MCU Villas? Will they be sold as well?
While MCU has title to the Villas under a quitclaim deed, there are restrictions on the use of the property. We are working on a solution to meet the restrictions and maximize the value to MCU.
Will my degree still be from an accredited university?
Yes, MCU is an accredited institution, and we will remain an accredited institution through the closing date of Aug. 31, 2022.
What colleges and universities have transfer agreements with MCU?
This is a list of colleges and universities that have offered transfer agreements to help MCU’s students.
How do I start the transfer process to a new school?
You must apply to the school(s) you are interested in. You will still need to be accepted by the institution(s) of choice. Transfer agreements vary but can help expedite the application review process and negotiate terms that will benefit you with regard to credits accepted, time to degree, and in some cases costs, housing or other considerations.
If I apply to a school on the transfer list, is acceptance guaranteed?
Acceptance decisions are made by the receiving institution, not MCU.
What if I want to apply to a school not on the MCU list of possible transfer schools?
You are not obligated to apply to only the schools on the MCU transfer list.
Will the tuition I pay at MCU be the same at the transfer schools under agreement? Will the transfer schools waive deposit fees?
Tuition, credits accepted, time to degree and other factors are decisions made by the receiving institutions, not MCU. Some transfer agreements may specify favorable terms. Please read the agreement terms carefully and discuss these questions with the receiving institution.
Will all my credits transfer to my new school?
Credits accepted will likely be different under each institution’s transfer agreement with MCU, but we expect other institutions to be generous in their acceptance of credits. Please read the agreement terms carefully.
Are you offering fee waivers for student applications for transfers?
That is up to the receiving institution.
Will acceptance at transfer agreement schools be based on GPA?
Acceptance decisions are made by the receiving institution, not MCU. Factors for acceptance will likely be different under each institution’s transfer agreement with MCU.
Do I have to continue the same program at the school to which I transfer?
Many institutions have a wider range of programs than MCU, so changing majors may be a possibility. You may discuss that with the receiving institution. However, the most efficient path to degree completion will likely be in a comparable program.
When I transfer to a public university from Marymount, will religion courses count toward other requirements?
Some MCU courses may transfer for units and elective credit if they don’t map to a specific requirement. There may be limits to how many units and which courses transfer. That should be discussed case by case with the receiving institution.
Can I get a copy of my medical records?
MCU has made arrangement for students to access medical records from MCU, including: mental health records, immunization, clinical records, and Disability Resources and accommodations records. Learn how to request those records at no cost.
Can I pick up my transcript at school at the end of the semester?
No. Transcripts can be mailed or delivered electronically.
Will transcripts be available after the school closes?
Yes, you will always have access to your transcripts. Request transcripts here. MCU is making arrangements for all student records to be housed in permanent storage. When the process changes, we will provide information regarding where records will be stored and how you should request transcripts and other records on the MCU website.
Will there still be a charge to get my official MCU transcripts?
Yes, the cost to order an official transcript is $10. MCU did waive the transcript fee through August 31, 2022 for students who were enrolled as of Spring 2022.
How long will our transcripts be available through National Student Clearinghouse?
At least through the end of September 2022. When the process changes, information will be posted on this site.
How will transcript information be communicated to previous students or alumni?
MCU will post information on the homepage of the website, which will remain up, and/or on the transcript page of the MCU website.
Does closure mean my student debt or loans will be relieved?
Do I still need to pay back loans or other aid incurred while at MCU?
Will the accepting universities honor MCU scholarships?
The scholarships offered to MCU students by transfer institutions will vary, depending on the transfer agreement.
Schools will likely require a deposit for transfer students. Will MCU pay for that deposit?
On the Studentaid.gov website, there is a section talking about loan forgiveness for when schools close while enrolled. Does that apply to MCU’s situation?
Criteria to qualify for federal student loan discharge due to closure is dependent on several factors. Students who graduated prior to MCU’s closure are responsible for the repayment of federal student loans. More information can be found at: https://studentaid.gov/announcements-events/closed-school.
Can Student Financial Services assist me with the financial aid process at other institutions?
Student Financial Services will be available to answer your FAFSA and financial aid-related questions. Contact SFS at…
How does the closure impact international students and their visa status?
Students who transfer to a Student and Exchange Visitor Program (SEVP)-approved school will have no interruption to their visa status.
What if I don’t find a school I want to transfer to?
International students who don’t transfer or who take no action to indicate their future plans will have their immigration record ended near the closure date. With an inactive record, the student is obliged to plan for an immediate return to their home country.
Will I still be able to play my sport?
The athletic program ended with the spring 2022 semester.
How does the closure affect my athletic eligibility?
The announcement does not affect eligibility for our student athletes. All levels of collegiate competition evaluate the seasons of competition used and credits earned, along with your GPA.
What are my best transfer options?
We recommend Mount Saint Mary’s University, which has agreed to teach out Marymount’s curriculum, or Concordia University Irvine, which has agreed to accept up to 30 MCU units. Depending on your needs, you might also consider Antioch University, California Lutheran University, Hope International University, University of La Verne, Newman University or Westcliff University. Find the most current information and additional details about transfer opportunities.
Will these schools offer guaranteed admission?
Acceptance decisions are made by the receiving institution, not MCU.
Will I need to take the GMAT?
None of our transfer agreements specify GMAT requirements.
What universities offer an online MBA? Are they accredited?
For an online MBA, you might want to consider Antioch, Newman or Westcliff. However, for the most current information, please continue to check our website. MCU is only working with accredited programs.
Will transfer schools waive application fees?
In most cases, yes.
How do I apply?
You must apply directly to the school(s) you are interested in. You will still need to be accepted by the institution(s) of choice. We recommend you review the transfer agreements posted on our website for contact information or specific instructions.
Is there a deadline to apply?
No, but we’d recommend reaching out as soon as possible.
Will the tuition I pay at MCU be the same at the transfer schools under agreement?
Tuition, credits accepted, time to degree and other factors are decisions made by the receiving institutions, not MCU. Some transfer agreements may specify favorable terms, including honoring or beating your out-of-pocket cost. Please read the agreement terms carefully and discuss with the receiving institution.
Do these institutions offer financial aid or scholarships?
Financial aid and scholarships offered to MCU students by transfer institutions will vary, depending on the transfer agreement. We encourage you to explore the various transfer agreements to find a fit for your specific financial needs.
Can I change majors?
Our efforts are focused on the MBA. However, please feel free to apply to other graduate programs.
Can I defer until spring?
That will be up to the receiving institution, but we recommend you reach out as soon as possible to start the conversation.
Will MCU offer any refund?
Will I be reimbursed for units that don’t transfer?