US: Boston University, Wheelock College finalize merger

Wheelock College will merge into Boston University (BU) in June under an agreement announced Wednesday, October 11, bringing together the two institutions with campuses separated by about a mile.

All of Wheelock’s assets and liabilities will be transferred to BU on June 1, 2018, provided regulators approve. The agreement comes several weeks after the two institutions announced in August that they had started merger talks. Wheelock, by far the smaller of the two institutions, was seeking a merger partner as it faced enrollment and financial challenges.

A new school of education, the Wheelock College of Education and Human Development, will be created by the merger as BU’s School of Education is combined with Wheelock’s School of Education, Child Life and Family Studies. Income from Wheelock’s endowment will go toward the new college.

Current Wheelock students in good standing will be able to finish their academic programs at BU. They will become students in existing BU programs, continue to study in Wheelock programs being incorporated into BU or enroll in transitional programs in which they will finish their Wheelock courses of study. Tuition for current Wheelock students will remain at Wheelock levels but will be subject to the same annual percentage increases applied to BU students. Financial aid packages guaranteed by Wheelock will not be changed. All students seeking admission after the merger’s completion will be subject to BU admissions requirements and tuition.

Full Content: Metro

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