Iowa Wesleyan University to shut down.
Iowa Wesleyan University's Board of Trustees has voted unanimously to close the university at the end of this academic year due to financial challenges, including increased operating costs, changing enrollment trends, and a significant drop in philanthropic giving. The university has secured teach-out agreements with other institutions to ensure students can complete their degrees on time and for comparable costs. The decision was made after an analysis of Iowa Wesleyan's financial operations and looking at all feasible strategic alternatives.