"Emerson College is exploring a merger with Marlboro College, a small liberal arts school in southern Vermont.
But according to Emerson President Lee Pelton, it might be easier to think of the prospective agreement more like a $40 million donation to the Boston school.
Officials from the two colleges announced Wednesday morning that they plan to explore a ‘merger’ between Emerson and Marlboro, which is among a number of small Vermont colleges that have struggled financially due to the growing crisis of declining college enrollment.
Under the preliminary deal, Emerson would effectively absorb Marlboro, which would close its scenic Vermont campus next spring and continue on under the Boston college’s liberal arts program." …
https://www.boston.com/news/education/2019/11/06/emerson-marlboro-college-merger