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St. Michael's College on Financial Lifeline | Montpelier News
St. Michael’s College is on the brink, legally unlocking $30 million from restricted endowments to survive — a desperate move as enrollment plummets and cash runs dangerously low. Once shielded for scholarships and professorships, these funds are now being tapped to cover operating costs after accrediting bodies raised alarms. With fewer than 1,000 students and shrinking unrestricted reserves, the college gambles that strategic cuts and reforms can turn things around — while promising not to harm current scholarship holders or endowed chairs. The attorney general approved the plan, but…
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