Schools
College Of New Rochelle Discussing Partnership
The college has entered into a nondisclosure agreement with an unnamed institution.
NEW ROCHELLE, NY — The College of New Rochelle, which has been struggling with finances since 2016, is discussing a partnership with another education institution. A notification to bondholders posted in December said the private college has signed a nondisclosure agreement with an unnamed institution.
A spokesman for the college said that it is evaluating options that would be mutually beneficial, the Journal News reported.
The college found itself in a financial crisis in October 2016 and was, at times, days away from shutting its doors.
Find out what's happening in New Rochellefor free with the latest updates from Patch.
Then-President Judith Huntington resigned, and "unmet financial obligations" were uncovered and presented to the trustees.
About $20 million in payroll taxes were not paid for eight quarters, beginning in 2014.
Find out what's happening in New Rochellefor free with the latest updates from Patch.
Get New Rochelle Patch’s daily newsletters and news alerts right in your inbox. Find and “Like” Hudson Valley Patches' Facebook Pages.
Patch file photo.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
