""There are no discussions about closing the university. Conversely, university trustees and administrators are working diligently to improve operational efficiency, streamline costs in a challenging market for universities nationwide, and assuring a strong path forward for ODU.""
""In February 2024, officials asked bondholders to waive a covenant due to concerns that the university might fall below the level of liquidity needed to meet debt service requirements.""
Ohio Dominican University missed a $50 million bond payment, raising concerns about its financial stability. University officials are working with bondholders to address the debt. Despite the missed payment, officials dismissed closure rumors, stating they are focused on improving operational efficiency and managing costs. The university has faced challenges with debt and declining enrollment, with student numbers dropping from over 2,500 in 2015 to 1,139 last fall.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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