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New name, new president, same access to education for all

In approving Mercy College’s name change to Mercy University on Aug. 22, the New York State Board of Regents was only acknowledging what Mercy has long since been, said new President Susan L. Parish, Ph.D., M.S.W.

SEC sanctions KPMG accountants over botched College of New Rochelle audit

They issued the 2015 audit report despite many unanswered questions and lack of documentation, according to the SEC, and overstated the college’s net assets by $33.8 million.

College of New Rochelle officials sued over financial mismanagement

“CNR routinely failed to pay federal and state payroll taxes, flouted and ignored rules regarding use of federal grant money, overdrew its bank accounts, and depleted the majority of CNR’s endowment fund.”

Manhattanville, Mercy colleges offering help to former CNR nursing students

Mercy College has been approved by the New York State Education Department to provide increased degree offerings online and at its Dobbs Ferry, Manhattan and Bronx campuses.

College of New Rochelle acquired by Masons for $32 million

The college filed for bankruptcy on Sept. 20 due to $80 million in liabilities, following several years of financial uncertainty.

Manhattanville College seeks approval for nursing school

Manhattanville College in Purchase wants to establish a school of nursing and health sciences and has proposed a curriculum plan to the New York...

CNR controller Keith Borge sentenced to 3 years in prison

If he were really committed to CNR, he would not have retired in 2016 at age 60; he would have stuck it out and handled the financial problems openly and honestly, Judge Vincent Briccetti said.

Prosecutors place blame for College of New Rochelle demise on convicted...

“The defendant was literally the only person who knew the truth about CNR’s financial condition,” prosecutors state in a sentencing memorandum. “He was the only person who could have initiated a successful effort to save the college."

Convicted College of New Rochelle controller Keith Borge blames other officials...

Borge detailed his version of the college’s decline in a sentencing memorandum and letter to a federal judge in which he asks for no jail time and no fine when he is sentenced on Aug. 28.

Mercy College leases three College of New Rochelle campuses

The College of New Rochelle ceases academic operations on Aug. 10 and holds its final commencement on Aug. 20.

Bids being accepted for The College of New Rochelle campus property

Bids are now being accepted by A&G Realty Partners and B6 Real Estate Advisors, which have been retained by the college to manage the sale. 

Former College of New Rochelle controller Keith Borge pleads guilty to...

Borge, 62 of Valley Cottage, inflated assets and underreported liabilities from 2014 to 2016, the government says, to disguise the college’s rapidly deteriorating financial condition.

Mercy College offers exit strategy to College of New Rochelle students

Officials from Mercy said Monday that the Dobbs Ferry college has entered into a memorandum of understanding with College of New Rochelle to "offer its students an uninterrupted pathway to continue their education at Mercy."

The College of New Rochelle ‘unlikely’ to operate beyond this summer

A letter signed by the college president and interim board chair said the school is still facing "significant cash flow challenges" stemming from a financial crisis that started to unravel in 2016.

Struggling College of New Rochelle considering deal for educational partner

The private college disclosed to bondholders in December that it is has reached a memorandum of understanding for “a potential strategic transaction” with an unnamed educational institution.