Browsing: USK

Source: The National Herald SAN DIEGO, CA – President and founder Frank Papatheofanis announced on April 25 that the University of Saint Katherine (USK), a private Orthodox Christian school in San Marcos, “is shutting down indefinitely and filing for bankruptcy,” the San Diego Union-Tribune (SDUT) reported, adding that “in an email to students, faculty and staff members that circulated on social media, he said the institution could no longer meet its financial obligations due to ‘a steep shortfall in operating cash.’” “Multiple reasons for this shortfall include extraordinary inflation, higher-than-anticipated salary increases, and high institutional student financial aid,” Papatheofanis said,…