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The Higher Learning Commission, a regional accrediting agency, on Thursday approved the merger of Henderson State University, a public university, into the Arkansas State University system, the Arkansas Democrat-Gazette reported.

In order for the merger to be finalized, the Arkansas Legislature must dissolve the Henderson State Board of Trustees and expand the system’s board by two seats. The Democrat-Gazette reported that Henderson State has faced financial challenges in recent years, including an unexpected 11 percent drop in enrollment this fall.

“We look forward to continuing Henderson’s rich traditions and mission of service to students as a member of the ASU System,” Jim Borsig, interim chancellor of Henderson State, said in a news release. “I am confident that this affiliation will continue to strengthen Henderson, and I am grateful to the Higher Learning Commission for confirming this important step in the process.”