During a Tuesday afternoon press briefing Iowa Wesleyan University President Christine Plunkett said the Administration is committed to seeing the year thru. The Mount Pleasant university’s Board of Trustees voted Tuesday morning to close the 181 institution at the end of May. Plunkett said the students will finish classes, spring sports schedules will be played out and commencement will be held as it always has in the past.
She said the United States Department of Agriculture will become responsible for the campus May 31 and she anticipates a trustee will be appointed to oversee all the operating and business decisions related to the closing. In 2016 IW entered into a USDA consolidation loan in the amount of $26 million making the USDA the primary lender.
In a communication with alumni it was stated that there will be a website to provide initial Q&A information and resources for students, faculty, staff, alumni and community partners to outline the path going forward.