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July 30, 2009, 11:00 AM ET
College of Santa Fe Saved by City Deal With Laureate Education
The financially ailing College of Santa Fe will remain open, the Santa Fe New Mexican reports, thanks to a decision on Wednesday by the City Council there to incur up to $30-million in debt to buy the campus and lease it to Laureate Education Inc. The move follows several unsuccessful efforts to keep the college from closing. As it did under a similar arrangement with Kendall College in Chicago -- its first domestic campus -- Laureate said it might eventually buy the campus.
The Ticker is The Chronicle's breaking-news blog, with frequent updates from editors and reporters who scour the world for higher-education news.
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