The University of Arkansas Board of Trustees will consider acquiring Grantham University, an online school based in Lenexa, Kansas.
The board of directors will hold a special meeting on Wednesday August 11 to discuss the proposal. The 9am public meeting will be part of the two-day annual board retreat held at the Winthrop Rockefeller Institute atop Petit Jean Mountain in Morrilton.
»Here is the agenda
The acquisition would expand the UA system’s online educational offerings from 24 to its eVersity to over 60, and would add about 4,000 students at Grantham University.
UA System Chairman Donald Bobbitt said the move would be a game-changer in reaching adults underserved by public higher education due to their need to attend fully online and flexible institutions.
“We launched eVersity to serve Arkansans who completed college but did not graduate,” Bobbitt said in a statement. “Their success in obtaining a degree is imperative for their future and for the future of our state and our region. By acquiring the assets of Grantham University, we will be able to intensify this effort to transcend the borders of Arkansas and diversify the educational offerings and income profile of our system. “
Grantham University was founded in 1951 and became exclusively online in the late 1990s. Its programs focus on subjects such as business, health professions, and information technology.
The proposal calls for an agreement to transfer all of Grantham University’s discrete assets and some discrete liabilities to the AU’s board of trustees in exchange for $ 1, according to a system statement.
As part of the deal, the AU’s board would initially hire and ultimately employ around 170 full-time, teaching and administrative staff, as well as around 240 part-time teachers. Once approved, Grantham would join the UA system as a new campus, but would ultimately be combined with its eVersity program to form a single online university.