Through a settlement reached by Mountain State University with its former students, a pool of funds to dispense to students will be created from the liquidation of MSU assets, insurance and other sources.
As a result, MSU has agreed to sell all its real estate and a majority of the content inside. Because University of Charleston regional campuses in Beckley and Martinsburg are leased through MSU, the University of Charleston “will work with community leaders to identify another location in Beckley to offer needed programs after this coming academic year,” President Ed Welch said in a press release.
All programs at University of Charleston-Beckley, except for the culinary arts program, will continue this year. The Martinsburg campus’s leadership programs will move to National Guard facilities.
According to a press release issued by the University of Charleston, “if the proposed settlement receives preliminary approval from the court, the terms of the settlement will be provided to the affected parties, a hearing will be scheduled and all affected parties will be given an opportunity to be heard on the matter. Final approval of the settlement would come at a later date after the process is complete.”
University of Charleston President Ed Welch is scheduled to make an announcement Aug. 13 regarding a proposed settlement between Mountain State University and former MSU students, according to a Aug. 13 news release from the school.
"This proposed settlement affects the future of UC’s regional campuses in Beckley and Martinsburg," the release states.
The Beckley and Martinsburg West Virginia campuses opened in 2013 following the closure of MSU.
The Beckley institution that was once known as Beckley College, College of West Virginia and Mountain State University lost accreditation in 2012 and leased facilities to UC for regional programs. It was re-branded as UC-Beckley.
UC President Ed Welch will make the announcement, along with plaintiffs attorney Anthony Majestro, "regarding the proposed settlement and the future of UC’s regional campuses" during a press conference at the Charleston campus at noon, the release said.
The State Journal will update this story as information is received.