Karen Farkas of The Plain Dealer reported July 8, 2013 that Chancellor University announced it is closed. The establishment was originally founded inwards 1848 every bit Folsom's Business College. Farkas notes that it evolved over fourth dimension through several mergers to become Dyke College inwards 1958 and moved to a edifice on East Sixth Street inwards Cleveland, OH. There was unopen to other deed in 1985 to a place on Prospect Avenue. The Prospect Avenue edifice was renovated as well as suburban campuses were opened. The refer was changed to David N. Myers University inwards the summertime of 2001 as well as afterward closed inwards Dec 2007 due to fiscal problems. Michael Clifford bought Myers out of bankruptcy for $5.25 1 yard m inwards the summertime of 2008 as well as worked alongside others to transform the schoolhouse into Chancellor University, a for-profit establishment focusing on courses offered online.
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