Mid-Continent President Rober Imhoff has stepped aside.
Mid-Continent University in Mayfield facing immediate closure a week ago is struggling back from the brink of extinction. The privately run Southern Baptist university located in Mayfield hit the news when it was revealed that the school had not received federal education funding of around nine million dollars. It was placed on a warning status by the Southern Association of Colleges and Schools, its regional accrediting body. If it loses accreditation, the school will be forced to close its doors.
It was revealed last week that the school paid student costs rather than let them know the funding had not come through. The feds are holding back $9 million dollars until the school gets its paperwork right. (No word on what is wrong with it). It was revealed that the school submitted paperwork three times without success. A new submission is in the process of being submitted.
The crisis came to a head when the school was not removed from the warning list of ASCS. For some, the news came out of the blue. Students, faculty and regional leaders were stunned to hear the school was in such financial distress. It had been previously reported that there were issues with credit hours. School spokesperson Bill Bartleman told WKMS in November that the school had no financial issues.
Details of how the school got in that shape are still unfolding. President Robert Imhoff and his wife have both stepped down from their positions at the school. Their contracts will continue and they will be receiving paychecks, unless the Imhoffs and the school reach a different agreement.
The Board recruited retired university president and former state senator Ken Winters to come out of retirement as interim president. Winters who took Campbellsville College to Campbellsville University is a former administrator at Murray State University.
The school of 2400 students now has the money to finish the spring semester. Winters has hinted that a major donor has stepped forward to help the school. That donor and the amount he or she is giving has remained a secret.
In a link to the mainstream media, the school spokesperson, Bill Bartleman, is a former political reporter for the Paducah Sun . He serves as director of community relations. Bartleman recently filed to run for a seat on the Paducah city council.
When our publisher reached Winters by phone, he provided few details of how the school got in its misshapen financial state. He was upbeat about Mid-Continent‘s future. If approval for funding comes through from the federal government, the school will be on its way back to health.
The school needs $6 million dollars to finish the spring semester. Students are keeping their fingers crossed that they will receive transferable credit hours. No promises of that happening are being put in writing. Which makes them understandably nervous.