The official reason given by the university for cutting the computer science department is due to budget constraints and financial difficulties.
Yes, the university has stated that current computer science students will be allowed to complete their degrees. However, they may need to transfer to another institution or complete their coursework online.
It is unclear at this time how this decision will impact future students. It is possible that computer science courses will still be offered through other departments or online, but the details are not yet known.
The university has not publicly stated what alternatives were considered before making the decision to cut the computer science department. However, it is likely that budget cuts and restructuring were explored.
There is no information at this time about plans to bring back the computer science department in the future. However, as budget and financial situations change, it is possible that the department could be reinstated in the future.