Albright College Made Deep Cuts to Avoid Closure. What’s Next?

This Pa. college made dramatic cuts to avoid closure. Experts say its financial future is still murky.

Albright College slashed operational costs, eliminated half of its full-time staff, and sold unused assets.

Albright College made deep cuts to avoid closure. What’s next?

READING — Albright College says it ended its recent fiscal year with a more than $10 million surplus, zeroing out its deficit by slashing operational costs, eliminating half of its full-time staff, and selling unused property and other assets. Still, experts warn that windfall does not guarantee long-term financial health, since much of the revenue was raised using one-time maneuvers. The numbers presented by the liberal arts college are also no…