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

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 This material may not be published, broadcast, or rewritten without permission.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.

Most Read This Week

April 17, 2015 12002

An Open Letter from an Addict

by Olivia Kirks
April 23, 2015 7570

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News
April 18, 2015 5798

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 20, 2015 4903

Nortonville Woman Charged with Meth Possession at…

by Madisonville Police Department
April 24, 2015 4173

UPDATE: Police Can't Substantiate Injured Man…

by Doreen Dennis, SurfKY News

Most Read This Month

April 17, 2015 12002

An Open Letter from an Addict

by Olivia Kirks
April 02, 2015 8821

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News

Stories Trending Now

April 25, 2015 1216

Above and Beyond: Wade Simons

by Gary Gates, SurfKY News
April 24, 2015 984

Elementary Girls in Good GRACES with Unique…

by Tammy Holloway, SurfKY News
April 25, 2015 776

Planning Commission Approves Zoning Amendments…

by Tammy Holloway, SurfKY News
April 25, 2015 692

Focus on Hopkins County: Interview with Sheriff…

by Tim Thomas
April 25, 2015 571

Webster County Traffic Advisory

by Keith Todd
April 25, 2015 571

Superheroes ‘Bowl for Kids Sake’

by Tammy Holloway, SurfKY News
April 25, 2015 506

Tobacco Quitline Callers Eligible for Extra…

by Beth Fisher
April 25, 2015 459

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
April 25, 2015 447

Keeping the Faith - 'To Die Trying'

by Ronnie McBrayer
April 25, 2015 419

Hooked on Science - 'Magnetic Money'

by Jason Lindsey