Lambuth U. Says It Has (Unidentified) Financial Backing

August 27, 2010

Lambuth University, a financially struggling private college in Tennessee, has announced that it has a "major financial commitment" to enable it to start to make payroll and to serve its students, The Jackson Sun reported. The university has been negotiating with private investors -- first to be purchased, and then for partnerships to grow online courses. The commitments apparently reflect the latter model, but the university has not released details or even identified the partner that is providing the money.

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