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The Middle States Commission on Higher Education has issued a show cause order to the King’s College in New York City, which has faced recent financial issues and possible closure.
The accreditor issued the show cause order Wednesday, noting that there was “insufficient evidence that the institution is in compliance” with MSCHE standards on “planning, resources, and institutional improvement.” The show cause order is due April 18 and must demonstrate that the King’s College “has achieved and can sustain ongoing compliance with commission’s standards, requirements, policies and procedures, and federal compliance requirements.”
MSCHE previously required the college to submit a teach-out plan.
The King’s College, a private Christian university on Wall Street, announced earlier this year that it needed $2.6 million to meet its “immediate needs.” The college has attributed its financial struggles to issues related to the coronavirus pandemic and economic challenges. However, the King’s College has also experienced the loss of major donors in recent years, who previously plugged a persistent budget deficit and launched an ambitious online expansion plan that was soon aborted.
The fate of the college remains unclear after the end of the current academic year.
