Four years after investors stepped in  to stave off the death of Myers University, which has educated adults in Cleveland since the 1850s, the institution -- now called Chancellor University -- once again faces an existential threat, this time at the hands of its regional accreditor. The Higher Learning Commission of the North Central Association of Colleges and Schools voted in late June  to put Chancellor on "show cause" status, meaning that the institution will be shut down if its officials cannot persuade the accreditor within a year that it has ameliorated the agency's concerns, which relate to weak finances, conflicts of interest and poor student retention.
It has been a bumpy few years for the institution since 2008, when the Higher Learning Commission granted permission for Myers' buyers (led by the high-profile investor Michael Clifford) to transform it into Chancellor. Clifford had grand plans, including the naming of the institution's management school for Jack Welch,  the former head of General Electric. (The management school has since been sold to another for-profit institution,  Strayer University.) But it wasn't long before the institution was back in turmoil; in February 2010, the Higher Learning Commission gave it a show cause order, but the commission concluded by February 2011 that the institution had addressed its concerns. But quarterly reports filed by the institution triggered new concerns last February, leading to the new show cause order.
Chancellor University officials told Crain's Cleveland Business  that the institution would get through the current crisis as it did two years ago. “Every member of the leadership team and the board of trustees would swear in a court of law, on the Bible and the U.S. Constitution that this institution is significantly better than it was when it got off show-cause” last time, President Robert Daugherty told the newspaper.