Well, it had always been a private institution. They have had financial difficulties though, and when SACS was doing their reaccredidation visits recently, they (MMI) were told that if the financial problems didn't get fixed then they could risk losing accreditation.
As far as the number of officers is concerned, they were commissioning between 45 to 60 officers every year in their ROTC program (one of the largest in the nation)-most of them only there through ROTC scholarships. Now, there is the potential for more through the ROTC and their service academy preparation program.