Branch of University of Mobile in San Marcos, Nicaragua To Become Branch of Ave Maria College.
Roman Catholics and Southern Baptists Come Together in Unique Transaction
to Promote Higher Education in Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific.
ANN ARBOR, Mich., June 30 /PRNewswire/ --
Ave Maria College, a four-year Catholic institution located in Ypsilanti, Michigan (USA), announced that it is assuming the operations of the branch of the University of Mobile located in San Marcos, Nicaragua San Marcos is a city in the province of Carazo in Nicaragua. The Ave Maria College of the Americas, an accredited branch of Ave Maria College (headquartered in Ypsilanti, Michigan, USA) is located in San Marcos. , effective July 1. The new name for the campus, which is the only U.S.-accredited, four-year school south of Mexico, will be Ave Maria of the Americas. The announcement was made by Nicholas Healy, President of Ave Maria College.
A dedication ceremony celebrating the school's transition to a Roman Catholic college will take place at 3:00 PM on Saturday, July 1, at the newly constructed Catholic chapel on the campus, which is located in the State of Carazo, approximately 45 minutes from Managua. The ceremony, which will be accompanied by a Catholic Mass and blessing of the campus by Bishop Obispo Mata, will mark the official name change of the school. The official Deed of Use, which was signed by Nicaraguan President Arnoldo Aleman on Friday, June 30, will be personally given to Healy by Vice President Enrique Bolanos during the ceremony. Nearly 1,000 people-primarily students, parents and faculty-are expected to be in attendance. The school currently enrolls more than 400 students.
"This will be a day of great celebration for Nicaragua," said Healy. "It assures the continued operation of the school which is considered a vital part of promoting democracy in Nicaragua and a means for students to get a U.S. education in one of the toughest areas of Central America. And, since most of the current students are Roman Catholic, they welcome the addition of daily Catholic Masses, as well as the offering of theology and philosophy courses not previous available at the campus."
The school historically has operated in a Southern Baptist environment due to its ties to the University of Mobile in Alabama. It was founded in 1991.
"Ave Maria had expressed interest in becoming involved with this school more than a year ago," explained Healy. "However, we could not finalize any plans until we secured our own accreditation. We recently received notification that we are pre-accredited, which is sufficient for qualifying for federal grants and loans. We have already applied to the accreditation academy for an extension to Nicaragua."
Humberto Belli, who formerly served as the vice president of the university, will now serve as president of Ave Maria College of the Americas The Ave Maria College of the Americas is a branch of Ave Maria College located in San Marcos, Nicaragua. It uses the campus formerly belonging to La Antigua Escuela Normal de Señoritas de San Marcos. . Prior to his work at the school, Belli served as Minister of Education for Nicaragua. He will continue to be supported in his new role by the campus' existing faculty of 28.
Any U.S. citizen or Latin American student with a green card may apply for U.S. federal grants and loans to attend Ave Maria of the Americas. In addition, through U.S. AID (Agency for International Development), poor students who would not otherwise qualify can also receive federal funds Federal Funds
Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements.
These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve .
Although the University of Mobile oversaw the operations of the school, the campus itself is owned by the Nicaraguan government. For that reason, government approval was required in order for the transfer to take place.
According to Healy, money has already been raised to improve the school's aqua-culture laboratory which allows for the study of fish farming. Ave Maria has also applied for grants to improve the library on campus, as well as to cover other needed capital improvements.
Ave Maria College was founded in 1998 with funds provided by the Ave Maria Foundation, which was created by Thomas Monaghan, founder and former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Domino's Pizza. The institution has a strong Catholic identity and seeks to advance the ideas articulated in the papal documents Fides et Ratio Fides et Ratio (Latin: faith and reason) is an encyclical promulgated by Pope John Paul II on 14th September, 1998. It deals primarily with the relationship between faith and reason.
The Pope in this encyclical condemns modern philosophies bound with nihilism and relativism. and Ex Corde Ecclesiae Ex Corde Ecclesiae (Latin:"From the Heart of the Church") is an Apostolic constitution written by Pope John Paul II regarding Catholic colleges and universities. It was promulgated on August 15, 1990. . Ave Maria College recently received approval of candidacy status for accreditation from the American Academy of Liberal Education.