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Dr. Rick Bailey, president of ÌÇÐÄ´«Ã½ University, explains that the university’s declaration of financial exigency may sound alarming, but it’s actually a proactive and collaborative step taken in partnership with the faculty union. He emphasizes that SOU is not closing, not declaring bankruptcy, and remains fully operational. Instead, this decision is part of a broader, strategic transformation to safeguard the university’s future and protect students. By embracing this process openly and constructively, SOU is working to ensure long-term stability, resilience, and continued service to its community.