thisonelife83

thisonelife83 t1_ixay3eg wrote

Sometimes they (small colleges) are bought to raid the endowment funds. There was a WSJ article about this a few months ago. One college targeted specific criteria to purchase as a satellite campus. They found one in CA with a decent endowment and land worth $100M. They basically paid nothing for the college. Due to declining enrollment the college didn’t see a way forward.

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