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."

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