Hampshire College to sell campus, land to pay $25 million debt
Hampshire College will sell its campus and land to pay $25 million in debt after announcing it will close at the end of the year. The college's 700 students are looking to transfer, with some hoping to finish their degree over the summer.
Hampshire College is selling its campus and land to pay back $25 million in debt to creditors. The decision comes after the college announced it would be closing at the end of the year. The campus sale will be used to pay back lenders that kept the college open until now. Hampshire College has 700 students, most of whom are looking to transfer. Some undergrad students can finish their degree over the summer. The details of the sale, including which buildings and land are being sold, will not be made public.
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