BRATTLEBORO, Vt. (AP) — Marlboro College in Vermont says it expects a large operating deficit this year, citing the low enrollment at the college as a reason.
College President Kevin Quigley says the deficit will be between $3 and $4 million this year and it was expected. The Brattleboro Reformer reports enrollment has fallen to approximately 170 students this year after peaking in 2005.
Quigley says there are challenges across the United States affecting higher education institutes, especially small colleges like Marlboro.
Quigley says he believes the college is equipped to weather to the operating expense deficit, as student retention rates are at 85 percent. He says the college will also be transparent in its efforts to reduce structural deficit while planning for long-term success.
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Information from: Brattleboro Reformer, http://www.reformer.com/