A report indicates that hundreds of small colleges in the United States are facing financial challenges, with over 440 institutions potentially at risk of closure within the next decade. Approximately 200 colleges reportedly accessed their endowment funds in the previous year to manage operating costs, raising concerns about the appropriate use of scholarship funds and donations.
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Many small US colleges face financial difficulties and misuse of funds
A significant number of small colleges in the US are experiencing financial difficulties, with over 440 at risk of closing in the next ten years. Many institutions have reportedly misused scholarship funds and endowments to cover operational expenses.
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- ✕ loaded language: 'alarming'
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Alarming number of small US colleges are struggling to their bills — and misusing donations to stay open
Many small US colleges face financial difficulties and misuse of funds