Stillman Colleges interim president is seeking assistance from alumni to cover debt service, payroll and operating expenses through the summer, warning that without help the private institution could potentially run out of money by April 15.
The colleges immediate need is $275,000 to pay the April debt service payment on a $40 million federal loan, said Interim President Cynthia Warrick, who has led Stillman since January. The college needs $2.8 million to cover expenses through August when the fall semester begins. Contributions may be sent directly to the Presidents office, according to the letter.
Were scheduled to make the April payment, and hopefully the influx of support will carry …
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