Richard Craver

Elon and Queens universities announced Tuesday plans to merge with the goal of enhancing Elon's presence in Charlotte while providing Queens with additional financial stability.

The universities said in a joint news release their planned merger is expected to be completed by summer 2026 with Elon operating Queens in partnership with existing and legacy leaders.

The universities did not disclose potential financial terms. They said information about community efforts, leadership structure and programming will be disclosed by early 2026.

According to media reports, there have been concerns about the long-term financial stability of Queens, citing a $6 million loss from operating activities in 2024, as well as declines in overall revenue and net tuition revenue.

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