Lynn University to buy Digital Media Arts College

Lynn University said Wednesday it has reached an agreement to buy Digital Media Arts College, a for-profit university located about a mile from its main campus in Boca Raton, Florida.

The asset sale will allow Lynn, a nonprofit college with 3,000 students, to acquire the for-profit Digital Media Arts College, which has about 300 students. After the deal closes, Lynn plans to offer Digital Media Arts College programs and combine them with her own, transforming her College of International Communication into the Eugene M. and Christine E. Lynn College of Communication and Design. The university will also occupy approximately 34,000 square feet of space approximately one mile from its main campus, which will be used for faculty and staff studios and offices.

An educational offer will be offered to students of the Digital Media Arts College, and they will be able to continue their programs without interruption or additional costs. They may also be transferred to Lynn. However, the administrators of the Digital Media Arts College will stop managing operations from October 19.

Lynn touted the additional student services she can offer Digital Media Arts College students, including student housing and a career center.

Like many other for-profit institutions, the Digital Media Arts College lost its accreditation and risked seeing its students lose access to federal financial aid after the Obama administration revoked its recognition from the Accreditation Council for Media Arts. independent colleges and schools in December 2016. Arts College had until June 2018 to find a new accreditor. He had approached the Accrediting Commission for Vocational Schools and Colleges.

Lynn’s purchase has yet to receive regulatory approval. The university does not disclose financial details other than the fact that payments will be made over several years. University officials expect additional revenue from the acquisition to offset the costs.

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