Union Institute & University has postponed the start of its fall semester for the second time due to financial difficulties.
Initially scheduled to begin on August 28, the semester’s start date has been pushed back to November. University officials cited ongoing financial challenges as the reason for the delay.
While there are currently no plans to close the institution, Union Institute & University faces significant financial pressures, including late payments to employees and potential eviction from its Cincinnati and Florida facilities.
Union Institute faces financial struggles
The university’s financial struggles date back to at least January when it took out cash advances of $375,000 and $250,000, with promises to repay higher amounts, and has since faced difficulties in meeting these obligations.
The Department of Education placed Union Institute on heightened cash monitoring status, subjecting it to increased oversight regarding federal student aid management.
Despite these challenges, the university is striving to continue its operations, with the fall semester now scheduled to begin on November 6 for the Fall 2 term.
