A summer and fall teach-out, which should ensure remaining Hampshire College students will be able to either complete or make progress on their degrees before the campus closes, will continue as planned after the college secured a loan from a philanthropic partner.
The trustees over the weekend voted to maintain the teach-out after reaching an agreement in principle on a loan that gives the board sufficient financial confidence, according to a letter sent to the community on Monday from President Jenn Chrisler.
“I am pleased to share that Hampshire College has reached an agreement in principle with a philanthropic partner to provide a loan that will support the wind-down of campus operations, and supplies time and resources for the college to strategically plan for land sales that maximally meet our financial obligations, and to consider legacy and mission throughout that process,” Chrisler wrote.
Read more from the Greenfield Recorder.
