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Iona College Issues Lifeline To Students Following CNR Closing Announcement Iona College Issues Lifeline To Students Following CNR Closing Announcement
Iona College Issues Lifeline To Students Following CNR Closing Announcement Iona College is offering a lifeline to some students at the College of New Rochelle following last week’s announcement that the institution is likely to close at the end of the summer semester as they contend with a financial crisis. In 2016, the college’s Board of Trustees was alerted about “significant unmet financial obligations that had accrued over a period of time.” The Board subsequently launched an investigation and enlisted the help of officials to restructure and manage CNR’s finances. A forensic accountant and outside legal counsel were also hired to perform the investigation. On…

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by Zak Failla