Cash-Strapped Colleges Selling Assets to Survive

Reported about 13 hours ago

Amid declining enrollment and financial strains, many small private colleges in the U.S. are resorting to selling valuable assets, including real estate and artwork, to stay afloat. The Cornish College of the Arts recently faced backlash for planning to sell its iconic Kerry Hall, a crucial space for students. While larger institutions are thriving, lower-profile schools are grappling with the tough decision to liquidate cherished properties, raising concerns about their long-term viability and appeal.

Source: YAHOO

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