Wednesday, February 28, 2024
HomeSchoolsHellenic College President Steps Down Amid Financial Crisis

Hellenic College President Steps Down Amid Financial Crisis


The president of New England based Hellenic College Holy Cross has tendered his resignation one month after the Massachusetts Department of Higher Learning expressed concern over the academic and financial stability of the college.

According to a press statement issued by the college, president Christopher Metropulos announced his resignation on Tuesday without citing exact reasons. The release largely praised his contributions to the college and cited various initiatives undertaken by him.

Last month, the Massachusetts Department of Higher Learning sent a letter to the college, threatening to revoke its degree-granting authority after its review found structural deficits, extensive borrowing from its endowment to meet operating expense, a decline in enrollment, and inadequate budget and planning processes.

The Department’s preliminary inquiry, which is now reasonably complete, has indicated a reason to believe that HCHC is not in compliance with certain provisions of 610 CMR 2.00,the letter reads.

Pursuant to 610 CMR 2.10(2), at this time the Commissioner of Higher Education may review the alleged violations with the institution and approve a corrective course of action by the institution or, where the Commissioner does not determine it to be appropriate to review the alleged violations with the institution, the Board may conduct an adjudicatory hearing to determine whether to revoke or suspend the institution’s degree-granting authority.

Earlier this month, the Hellenic College Holy Cross announced a slew of measures, including the creation of a ReImagining Committee to design short- and long-term plans to modify its academic programs, to boost enrollment, and to enhance student services.

The Board of Trustees also reduced various expenditures to balance the budget to ensure long-term financial stability.

Hampshire College at Risk of Having Accreditation Withdrawn

You Might Also Like

Latest Posts

13 Best College Traditions in the US to Ignite School Spirit

From quirky practices, festival-esque activities, and food-filled events, check out this round up of the best college traditions across the US.

12 Best Books for College Students: 2024 Must-Reads

Boost academic progress with the best books for college students, ranging from self-help to thought-provoking fiction and tips to make a lasting reading habit.

These 10 US Colleges Offer Awesome Work-Study Programs

Work-study programs aren't just about easing your financial load — they're backstage passes to real-world experiences, skill-building, and building meaningful connections.