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King’s College, in New York City, is facing severe financial difficulties, Bloomberg reported.
The Christian college is very small, with only a little more than 300 undergraduates.
Bloomberg cited a letter from Stockwell Day, the interim president, to alumni. The letter said the college needs $2.6 million for “immediate financial needs.”
If the college can raise the money, Day said, there are hopes for survival. “And here’s our greatest opportunity: a significant Christian university is considering a partnership with us that would carry us into the future and would get us out of the historic cycle of financial ups and downs faced by many small colleges like ours,” Day wrote. He did not identify the Christian university.
