A statement from the University’s President’s Office said, at this time, the university is more interested in learning from this experience before making any other acquisitions.
The $75 million sale of the private Mount Ida college to UMass was approved after overcoming major backlash.
The decision came Tuesday, after the attorney general said UMass paid fair market value for the 74-acre school and the only alternative was bankruptcy.
During testimony at the Senate’s audit and oversight committee Wednesday, Senator Jim Welch asked whether UMass would be a player in future college closings.
Attorney James Winston of Northampton told 22News,”In this situation I think UMass is actually doing a public service, because they are, at least for some students, having a resource for some students to transfer to UMass Dartmouth, which is still about 60 miles away.”
A statement from UMass said the university’s first step is to assess this experience and its impact.
South Boston State Senator Nick Collins has filed amendment to prohibit state funds from being used to pay for any expenses involved in the acquisition of any private college.