University President and Founder Frank Papatheofanis said the closure is due to financial struggles. The last day is May 18.
The University of Saint Katherine, a private Orthodox Christian school in San Marcos, is shutting down indefinitely and filing for bankruptcy, President and Founder Frank Papatheofanis announced Thursday. 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.
” He added that the institution is filing for bankruptcy and would “continue to pursue and consider any opportunity we can identify.” Thursday’s announcement, issued just days before final exams, was sudden and took many by surprise. The school’s Athletics Department and others took to social media to express their thoughts.
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