Greensboro Forced to Use Campus to Back Loan

July 20, 2009

Greensboro College is $19 million in debt and has been forced to use its campus and most of its endowment as collateral, The Greensboro News-Record reported. The college's president, Craven Williams, quit suddenly this month amid faculty frustration about a lack of information about the college's finances. One former trustee told the newspaper that the news was "shocking" and "great cause for concern."

+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

What Others Are Reading

  • Viewed
  • Past:
  • Day
  • Week
  • Month
  • Year
Back to Top