MCU header logo loginMAYFIELD, Ky. (2/25/14) ― Students, faculty and school officials at Mid-Continent University in Mayfield are waiting to see if recent submissions to the Department of Education ease some of the financial crisis that could cause the university to close its doors.

The university has spent $9 million of its own funds in the last five months toward student educational costs due to the Department of Education's rejection of federal financial aid submissions, and it needs another $6 million to make it through the spring semester to graduation.

Former Mid-Continent President Robert Imhoff has resigned and the MCU Board of Trustees appointed Dr. Ken Winters in his place Saturday.

Mid-Continent University is a private, not-for-profit, four-year liberal arts Christian institution in Graves County with approximately 2,400 students. The Southern Association of Colleges and Schools placed MCU's accreditation on a “warning” status in December due to its financial instability.

According to MCU officials, the Department of Education found mistakes in financial aid submission information and have been kicking those submissions back for several months

In a Youtube video of Winters' address to the community Monday, he said he remains optimistic about the future of the school and its students. He said what happens in the near future will be crucial to the university.

“There is a situation at Mid-Continent that demands major attention for the next few weeks,” Winters said in his address. “Part of this is due to the fact Mid-Continent is a non-term institution and that's a different format. Therefore the reporting is different.”

Winters said he and a group of officials met with U.S. Rep. Ed Whitfield, R-Hopkinsville, in Washington, D.C. about the university's problems, and that Whitfield called in U.S. Under Secretary of Education Martha Kanter to discuss the predicament.

“We are extremely encouraged by the discussion with the under secretary,” said Winters.

Winters, a former state Senator, said he will do all that he can to ensure a good future for the school and its students in his brief term as an acting president.

To watch the entire address, go to: http://www.youtube.com/watch?v=V-yo_jpoCR8#t=1123

Rita Dukes Smith
SurfKY News Director

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Owensboro's Back Alley Musicals Staging 'Fiddler on the Roof'

OWENSBORO, Ky. (7/4/15) — Back Alley Musicals will stage Fiddler on the Roof featuring a very talented cast of 56 local… Read More

UPDATE - Suspicious Package under Investigation

BENTON, Ky. (7/3/15) — The Kentucky State Police have identified a 46 year female from Marshall County as the person… Read More
1 DOW 17,730.11
-27.80 (-0.16%)    
2 S&P 2,076.78
-0.64 (-0.03%)    
3 NASDAQ 5,009.21
0.00 (0.00%)    

Most Read This Week

July 02, 2015 14733

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News
July 02, 2015 7105

Police: Stand Off Suspect in Critical Condition

by Doreen Dennis, SurfKY News
June 29, 2015 5383

UPDATE: Victim of Home Invasion/Homicide Died of…

by SurfKY News
June 29, 2015 4130

Accused Synthetic Marijuana Traffickers Appear in…

by Doreen Dennis, SurfKY News
June 28, 2015 3665

'Curb Service’ at Local Eatery Ends with DUI…

by Doreen Dennis, SurfKY News

Most Read This Month

June 24, 2015 45414

Western Kentucky, Southern Indiana's Largest…

by Doreen Dennis, SurfKY News
July 02, 2015 14733

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News

Stories Trending Now

July 03, 2015 3281

KMA Reminds Motorists of New Kentucky Red Light…

by David Holt
July 03, 2015 1266

Planning Commission Approves Re-zoning…

by Tammy Holloway, SurfKY News
July 03, 2015 1145

County Clerk Warns of Telephone Scam in Hopkins…

by Keenan Cloern
July 04, 2015 1089

Happenings and Meetings – Hopkins County

by Tammy Holloway, SurfKY News
July 03, 2015 1027

States Where Motorcycles Can Run Red Lights…

by Michelle Megna
July 03, 2015 986

UPDATE - Suspicious Package under Investigation

by SurfKY News
July 04, 2015 962

Heavy Rains Flood Streets Around Town

by Doreen Dennis, SurfKY News
July 03, 2015 711

Pet of the Day

by Natalie Ostrander
July 03, 2015 562

Beechmont All Stars Defeat Auburn All Stars 10-2

by Mike Groves, SurfKY News
July 03, 2015 558

Central City All Stars Top Bremen All Stars 8-5

by Mike Groves, SurfKY News