The U.S. department of education decided that the school's financial situation was so bad and getting worse, that it wouldn't extend the school any more credit.
The school says that without a $1.2 million credit it will have to close its 158 year-old doors.
This school is far far away from where I sit in California ( no better at making ends meet ) but something is funny when a business school cannot balance its own
budget. Not only does it not balance its budget, it hasn't done so for long enough that the U.S. department of Education is going to cut it off.Maybe it is time to close the doors...or put someone in there that can make ends meet.
What do you think?
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