Why Is It So Hard to Kill a College?

Matt Roth for The Chronicle

Wilson College nearly closed in 1979. Mary-Linda Merriam Armacost, a past president, says struggling colleges can survive if they avoid "desperate debt" and remain adaptable.
June 29, 2015 Premium content for subscribers. Subscribe Today

Hundreds of colleges in the United States live on the financial margins. Typically small and private, they struggle to pay bills, recruit students, and raise money. Yet few of them fail.

As Sweet Briar College’s projected demise and unexpected...

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