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Chancellor University

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Chancellor University

Chancellor University
Motto "Your Opportunity University"
Established 1848
Type Private, for-profit university
President Robert C Daugherty
Students 770
Undergraduates 537
Postgraduates 233
Location Seven Hills, Ohio, US
Campus suburban
Colors Chancellor tan and Chancellor blue

Chancellor University was a private, for-profit university located in metropolitan Cleveland, Ohio. The school was originally founded in 1848 as Folsom's Mercantile College to teach basic bookkeeping and business skills. It has undergone several changes of name and ownership during its history. The college closed on August 25, 2013 when the summer semester ended.[1]


  • History 1
  • Programs 2
  • Accreditation 3
  • Campus 4
  • References 5
  • External links 6


The University was opened by R. S. Bacon as a college of business in 1848 on West 3rd Street in Cleveland, Ohio. Shortly thereafter it merged with Folsom's Mercantile College, founded by Ezekiel G. Folsom. Two of Folsom College's earliest students created the Bryant & Stratton Colleges which later acquired Folsom's school in a possibly forced merger.[2] After the merger with the Bryant and Stratton system, the Cleveland school used the Bryant and Stratton name until 1867, when it took the name Union Business School to celebrate the Union's Civil War victory. The University in Cleveland was later renamed Spencerian College for one of its most illustrious administrators, Platt R. Spencer, educator and originator of Spencerian penmanship. The earliest curriculum was limited to the development of practical skills, such as penmanship, bookkeeping, and telegraphy. The most notable alumni of Chancellor University are oil magnate, John D. Rockefeller, rubber and tire trailblazer, Harvey Firestone, and accounting and professional services pioneer, Theodore Ernst.

In 1896, Frank L. Dyke, a former Spencerian professor, founded Dyke School of Commerce, dedicated to preparing young women for business careers. Dyke School of Commerce and Spencerian College operated separately for many years until the exigencies of World War II prompted President Jay R. Gates to merge the two schools in 1942. For a time the combined institution was known as Dyke and Spencerian College.

From 1941 to 1994, the school was known as Dyke College. After World War II, as college degrees became common in the business world, the college modified its academic programs to stress the attainment of the broader-based Bachelor of Science, Associate in Science, and Associate in Arts degrees. In 1965, the University was reincorporated as a not-for-profit institution.

David N. Myers, a Cleveland business leader and philanthropist, became the school's proprietor in the late 20th century, and the college changed its name to David N. Myers College in 1995.[3] On September 12, 2008, Myers University was renamed Chancellor University.[4]

On July 8, 2013 the school announced it would close. The school transferred its several hundred students to Alliant International University, a California-based, private, not-for-profit school.[1]


Chancellor University was a small university that offers a wide array of business programs, although it is no longer exclusively a business school. The University offers degrees at the Associate, Baccalaureate and Masters levels.

The Master of Business Administration program at the University was renamed the Jack Welch Management Institute in 2009, after Jack Welch, the former CEO of General Electric, invested $2 million to purchase a 12% share of the company running the university, Chancellor University Systems.[5] In 2011, the program was acquired by Strayer University for about $7 million.[6]


The university is [8]

On October 3, 2012, the Board of Trustees of the Higher Learning Commission (HLC) accepted the withdrawal of Chancellor University from the commission effective October 3, 2013. The accreditation of Chancellor University through the HLC will end on October 3, 2013.[10][11] The college closed after its summer semester ended on August 25, 2013.[1]


Chancellor University's main campus has been located at 6000 Lombardo in the Genesis Building in Seven Hills, Ohio.


  1. ^ a b c Farkas, Karen (July 8, 2013). "Chancellor University is closing, ending a 165-year higher education legacy". The Cleveland Plain Dealer. Retrieved July 24, 2013. 
  2. ^ , pg. 4
  3. ^ "David N. Myers University". Encyclopedia of Cleveland History. Retrieved 2008-09-15. 
  4. ^ Robinson, Ken (2008-09-12). "Cleveland's oldest college is new again".  
  5. ^ June 21 2009Chronicle of Higher Education
  6. ^ Mandavia, Megha; Ananthalakshmi, A. (November 13, 2011). "Strayer buys management school started by former GE executive Jack Welch".  
  7. ^ Glader, Paul (June 22, 2009). "The Jack Welch MBA Coming to Web". Wall Street Journal. pp. B1. Retrieved 2009-06-24. 
  8. ^ a b
  9. ^ Magaw, Timothy (August 6, 2012). "Accrediting body again issues show-cause order for Chancellor U.".  
  10. ^
  11. ^,ShowBasic/Itemid,/instid,1837/

External links

  • Chancellor University

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