Governor Ned Lamont today 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.