Create a free Diverse: Issues In Higher Education account to continue reading. Already have an account? Enter your email to access the article.

Alumni Group To Pay $6M for Antioch College

DAYTON, Ohio

Antioch University agreed Tuesday to transfer the campus of financially strapped Antioch College to an alumni group that plans to turn it into an independent school.

But any reopening of Antioch College is at least two years away and hinges on a list of conditions.

The university temporarily closed the Yellow Springs college a year ago because of financial problems caused by declining enrollment, a heavy dependence on tuition and a small endowment.

Antioch College is known for its pioneering academic programs that produce students with a passion for social activism. The college was the flagship of Antioch University, which also has campuses in Seattle, Los Angeles, Santa Barbara, Calif., and Keene, N.H.

The alumni group, called the Antioch College Continuation Corp., has agreed to pay the university $6 million for the campus, located about 15 miles east of Dayton, and the college’s endowment.

The transfer of assets cannot occur until a list of conditions have been met, including approval from the Ohio attorney general’s office and university bond holders. The target date to implement the agreement is Aug. 31.

The trusted source for all job seekers
We have an extensive variety of listings for both academic and non-academic positions at postsecondary institutions.
Read More
The trusted source for all job seekers