After 75 years of operation, Grace University in Omaha will close at the end of the 2017-2018 academic year. CEO Bill Bauhard says they started this school year with a balanced budget and were looking forward to a good sized freshman class. That didn’t happen.
Bauhard says, “We were anticipating that we would have 85 is what we budgeted for for the 2017-18 school year. Even in June we were thinking we were going to get close to 85. We didn’t think we would maybe hit that number but as it turned out when it was all said and done when school started August 23rd we ended up with 33 new freshmen.”
Bauhard says enrollment numbers declined the past two years and all attempts to address the financial challenges had been exhausted. He says they are now working on a plan so their current students can transfer to other schools and they hope to have that complete in the next few weeks.
Bauhard says the decision was made with a heavy heart and with sadness.