Monday, June 22, 2015

Deal Is Reached to Keep Sweet Briar College Open Next Year

The Chronicle of Higher Education
June 20th, 2015

Virginia’s attorney general announced on Saturday that an agreement had been reached to keep Sweet Briar College, which abruptly announced in March that it planned to close this summer, open next year after all.
The announcement of the women’s college’s closure sparked an outcry on and off the campus, as well as a flurry of legal challenges, and raised questions for other small institutions. The agreement announced by the attorney general, Mark R. Herring, would provide for the dismissal of the litigation involving the college.
The parties in the legal disputes are expected to meet before a judge on Monday to seek approval of the settlement. The agreement requires Saving Sweet Briar, an alumnae group that has been challenging the college’s closure, to deliver $12 million in donations for the college’s operations in the 2015-16 academic year, and $2.5 million of that money must be delivered by July 2.

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