MIDDLETOWN: A catholic prep school with students from Little Silver, Sea Bright, Long Branch and other local towns will be closing its doors at the end of this school year
Mater Dei Prep, located in Middletown, is facing a "severe, multi-year financial deficit" according to Father Jeff Kegley, pastor of Saint Mary Parish who oversees the high school.
Kegley sent a letter to Mater Dei parents on Feb. 3 announcing the closure.
"It is with great sadness that I inform you that Mater Dei Prep will close at the end of this school year, June 2015," the letter states. "Over the many years, Mater Dei Prep has been running large financial deficits. It had been the hope of the Parish Finance Council and myself that these trends could be reversed. However, the 2014-2015 projected loss is close to one million dollars."
The school, which was founded in 1964, has an enrollment of 340 students and employs 48 faculty and staff.
"Enrollment numbers had recently seen some growth, but have not stabilized to the point of sufficiently supporting the school's viability," a release from the school states.
The closure will not effect the parish's elementary school, Saint Mary School, which has an enrollment of 680 students.
All Mater Dei activities, celebrations and events that were planned for the remainder of the school year will still take place.
Information will be provided to Mater Dei Prep families regarding other Catholic high schools in the area, and diocesan officials will work with faculty members regarding compensation packages and job placement elsewhere in the Diocese, according to the release.