Layoffs at Michigan college part of 3-year ‘budget realignment’

ALBION, MI – A probe into endowment funds and a downgraded credit rating have placed Albion College’s financial situation under the microscope of state and federal agencies in the last year.

The private college in Calhoun County now has a three-year “budget realignment plan” to balance the books, officials told MLive/The Ann Arbor News on Wednesday, Jan. 17.

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