Southern New Hampshire University and ITT Educational Services announced a teach-out agreement for Daniel Webster College students on Tuesday.
The online, nonprofit university worked with the U.S. Department of Education and the for-profit ITT to give Daniel Webster's 740 students, staff and faculty a way to continue their programs over the next year. Last week, ITT, which owns the New Hampshire college, announced it was closing all of its campuses.
New Hampshire is a pretty small higher education area where everyone knows everyone, said Paul LeBlanc, president of SNHU, adding that SNHU had looked into buying the college prior to ITT's purchase of it in 2009.
"Students and programs will remain intact and we'll move all employees over to us," he said.
SNHU will honor the current tuition and fees for Daniel Webster students. Following the end of this academic year, the nonprofit university will also accept all Daniel Webster students who meet the minimum admission requirements to continue their coursework through SNHU. Daniel Webster faculty will also continue to teach courses and will be hired by the university.
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