Cambridge College today announced the planned acquisition of the New England College of Business and Finance (NECB), which will integrate NECB’s programs into Cambridge College’s operations beginning Spring 2020. This transaction is subject to final regulatory and accreditation approvals by the Massachusetts Department of Higher Education and the New England Commission of Higher Education.
Cambridge College was initially founded in 1971 as the Institute of Open Education within Newton College of the Sacred Heart. It later operated as part of the Antioch University Network and became independent in 1981 as Cambridge College.
NECB was founded in 1909 as the American Banking Institute. It received degree-granting authority in 1979 from the Board of Regents of Higher Education in Massachusetts to offer an associate degree in business administration and received accreditation from the New England Association of Schools and College in 1985. The name changed to The New England Banking Institute in 1988 and then to New England College of Finance in 1998. It became the New England College of Business and Finance in 2008.
You can read more in an Inside Higher Education post by Rick Seltzer on March 6, 2020, "Cambridge College Acquires Online Business School."
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