You have /5 articles left.
Sign up for a free account or log in.

Cazenovia College, in New York State, defaulted on a payment on a $25 million bond, Bloomberg reported.

The college is attempting to negotiate with bondholders.

Cazenovia also faces financial problems because of falling enrollment. The college currently has 750 students, but enrollment was over 1,000 students as recently as 2016.