The school's enrollment—and consequently, its revenue—has suffered from a dwindling pool of local high school students and a lack of interest among those graduates for a college education, according to the Board's letter.
Small, private institutions that lack "brand name," competitive edge and financial aid resources are in danger of closing around the country. One expert weighs in on how these schools can get their act together.
As academic preparation seems to be the key factor to closing the college enrollment gap between students of different races, students that come from lower socioeconomic backgrounds still seem to need help.