Struggling Long Island college gets a reprieve
OAKDALE, N.Y. (AP) — A struggling liberal arts college on Long Island says it's staying open following negotiations with a London-based academic investment firm.
Dowling College said Wednesday that its trustees had rescinded their motion to close the school after talks with Global University Systems. A spokesman said school officials expected a deal to be finalized soon.
Dowling's president, Albert Inserra, scheduled a press conference on Thursday.
Inserra said last week Dowling would be forced to close after months of failed negotiations aimed at finding an academic partner.
The New York Board of Regents has said Dowling is about $54 million in debt. Its enrollment has dropped 50 percent since 2009.
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