Mercy fi nalizes deal to absorb College of New Rochelle
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BY ALEX MITCHELL
The deal has been fi nalized
between the College of New
Rochelle and Mercy College to
automatically admit CNR students
into Mercy after CNR’s
announced closure at the end
of August.
The two schools announced
the agreement that will be
“creating a seamless pathway
for CNR students to continue
their education,” while in the
process of obtaining all necessary
regulatory approvals to
fully effectuate the agreement
on Tuesday, March 5.
This comes after the
schools inked a memorandum
of understanding, outlining
the planned transition on
Monday, February 25.
Both Westchester-based
schools each have Bronx campuses,
Mercy’s is at 1200 Waters
Place in the Hutch Metro
Center while CNR’s has its
school of New Resources based
in Co-op City.
Any CNR student considered
to be in good standing
will be given the opportunity
to transfer to Mercy College
per the deal. Most CNR
students will see the same or
lower tuition and will not lose
The College of New Rochelle’s Co-op City campus. Schneps Media/Alex Mitchell
credits or time toward graduation,
according to a statement
from the two schools.
“Despite our successes,
the fi nancial status of the college
underscored the necessity
to identify an institution
that would provide a safe haven
for students fi rst and foremost
while also doing our best
to protect faculty and staff
and CNR’s Ursuline legacy,”
said CNR’s president, William
Latimer.
The fi nancial diffi culty
he’s referring to was a “fi nancial
crisis” in 2016 that CNR
was never able to truly recuperate
from.
“More than providing
CNR students a new educational
home, the agreement
has been carefully considered
and implemented over many
months to go above and beyond
to create a seamless pathway
for CNR students to join
the Mercy College community
with minimal disruption to
their academic careers,” said
Mercy College president Timothy
Hall.
After August, CNR students
will have the opportunity
to begin the fall 2019 semester
at Mercy College.
“Our recent academic
growth and strong fi nancial
profi le make this rare opportunity
possible and, the longterm
impact will be a stronger
Mercy College,” Hall continued.
CNR representatives also
explained that Mercy’s 90-plus
undergraduate and graduate
degree and certifi cate programs
within its fi ve schools
align well with CNR’s programs.
The two institutions also
stated that Mercy College and
CNR share a number of similar
program offerings, most
notably in nursing studies
and adult education, which
encompass the greatest number
of current CNR students,
Mercy is also in the process of
seeking regulatory approval
for degree programs not currently
offered at Mercy College
for its new coming CNR
students.
Mercy College won’t be
strapped with CNR’s overwhelming
debt as part of the
deal either. One way the college
plans to attain the necessary
assets to admit the CNR
students is to lease out portions
of CNR’s campuses.
In the wake of transition,
the possibility of closing
CNR’s Co-op City campus
is being considered due to its
close proximity to its Waters
Place campus but a decision
on that has not been fi nalized
as of press time.
Mercy also announced in
statement that it “hopes to retain
many of the CNR faculty
and to continue to use some
of CNR’s current facilities in
New Rochelle and at some of
its New York City campuses.”
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