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NEW YORK (RNS) — The nondenominational Christian college is expected to announce it will close after a Canadian company failed to deliver on lofty promises to boost declining enrollment, say staff and faculty members.
The absence of a business plan and decreased enrollment due to COVID-19 restrictions put The King’s College on the brink of financial ruin.
The King’s College, which draws students from around the country to Manhattan, has not been able to recover from enrollment and financial losses.
The King’s College needs $2.6 million to meet its “immediate needs” and stave off closure. Weeks into the fundraising effort, less than $200,000 has been donated.
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