Financial shortfall forces Bennett College to close dorm
GREENSBORO — Bennett College’s financial problems have claimed another casualty — a dorm.
The college said late Friday it will close one of its five residence halls to save money.
According to the News and Record, the college said Nov. 22 it was laying off nine of about 200 employees to help close a budget gap of about $2.9 million.
The budget shortfall is the result of a decline in enrollment, according to the paper.
A college spokeswoman said that Bennett based its annual budget on enrollment of 668 students. Only 613 students enrolled this fall.
It was reported that Bennett requires first- and second-year students to live on campus. The college says about 80 percent of its students live in the dorms.
Source: News and Record