HARTFORD, CT (STL.News) Governor Ned Lamont is applauding the completion of Goodwin University’s acquisition of the University of Bridgeport, saying that the change of ownership will ensure that this longstanding and respected private institution of higher education in Connecticut can continue far into the future. The change of ownership received approval from the U.S. Department of Education, the Connecticut Office of Higher Education, and institutional and programmatic accreditors, including the New England Commission of Higher Education.
Under the terms of the deal, Governor Lamont and the Connecticut Department of Economic and Community Development are supporting the project with a $7.5 million loan at a fixed interest rate for a term of ten years.
“For nearly a century, the University of Bridgeport has been a well-respected institution of higher education, and I am pleased that this acquisition has been finalized so that its legacy can continue well into the future,” Governor Lamont said. “Located in Connecticut’s largest city, the university is a hub for expanding access to educational opportunities for people in the region and launching successful careers. I am proud that our administration and the State of Connecticut could help solidify this partnership between Goodwin University and the University of Bridgeport as they begin this next chapter.”