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For-Profit Music College Closes Suddenly

December 15, 2017
 
 

The McNally Smith College of Music, a small for-profit institution in Minnesota, announced Thursday that it is shutting down all operations at the end of this semester, The Star Tribune reported. College officials cited declining enrollments and revenue and said they could no longer meet payroll. Officials said the college had been trying to convert to nonprofit status. An outpouring on social media from students and alumni suggested many viewed the college as offering a high-quality education and were stunned by the abrupt closure.

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