West Virginia private college declares financial crisis

The Free Press WV

A private West Virginia college says it is having a financial crisis that requires immediate attention.

Wheeling Jesuit University President Michael Mihalyo says in a letter on the school’s website the board of trustees will work with state and government officials and others “to determine the best path forward.”

The letter did not specify the extent of the financial problems.

Mihalyo, who took over as president last August, says he understands the crisis will cause concerns among students, alumni and the campus community.

He says a path will be determined involving a sustainable financial model while preserving a high-quality education for students.

In 2017, the university sold its property to the Roman Catholic Diocese of Wheeling-Charleston to address long-term debt. The diocese gifted the property to the university in 1952.

Wheeling Jesuit has an enrollment of about 1,150.

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