Northwood University, a private institution in Michigan, announced that it is closing its residential undergraduate programs in Texas, but is keeping its adult and graduate programs. A statement from the university said that "[t]hese significant actions will ensure its Texas operations' ongoing relevance, vitality, and financial strength to provide students with a world-class business education." The Dallas Morning News reported that the programs being closed will force about 400 students to transfer, and will cost the jobs of 60 full-time faculty and staff members.
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