"Marlboro College has released documents pertaining to the Board of Trustees’ decision to seek a merger with Emerson College in Boston …
… ‘Marlboro College continues to face serious challenges with respect to finance and enrollment, as evidenced by the College’s inability to substantially increase net tuition revenue and to balance its budget,’ the letter reads.
Over the past three years, the letter states, student revenue has decreased from $3.6 million to $1.7 million. And although the college has an endowment of $35.7 million, drawing 6.5 percent from the endowment in 2019 and 18 percent in 2020 to keep the college operating is “unsustainable.’” …
https://www.reformer.com/stories/marlboro-releases-closure-information,593063