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.