SOUTH EUCLID, Ohio — Some Notre Dame College students and staff members are still holding out hope that financial talks can resume in an effort to keep the South Euclid campus open and avoid an announced May shutdown.
Notre Dame nursing student in fear of losing 2 years of college credits RELATED: Notre Dame nursing student in fear of losing 2 years of college credits “Benefactors decided to get together and raised their own money to see if they could first do a refinancing of the debt and then finally just saying let’s just buy the debt out," Corrigan said. “The board initially granted that authorization, and what they told me, I just learned in the last day or two, is that the authorization was revoked, so now the benefactors can’t talk to the bank about eliminating the debt.
As Board Chair, a South Euclid Resident, and a parent of an NDC alum, I fully empathize with everyone saddened by the difficult but necessary decision to implement a Teach-Out plan for Notre Dame College. In our discussions and in the many emails that have been exchanged with the stakeholders regarding this matter, the following was made clear: In order to continue college operations, the stakeholder group would need to satisfy the debt, as well as provide a written plan to sustain college operations. The Board never received a proposal or written plan from the stakeholder group for consideration.