The president of Hampshire College in Amherst, Massachusetts, said the school will try to return to a larger student body in 2020.
Facing a challenging financial situation and exploring a possible merger, the board of Hampshire voted four months ago to admit a much smaller incoming class for the fall of 2019.
Now the college says it plans to admit a full class a year later.
Hampshire Interim President Ken Rosenthal said what's changed is a significant influx of money through fundraising.
“We had a target to have $7 million in cash by mid-August, and we’re a little ahead of that target,” he said. “The next target after that is $7 million more for operations by the end of the calendar year, and we’re hopeful that we will meet that target too, so — so far, so good.”
Hampshire isn't out of the woods yet.
In November, it will go before the New England Commission of Higher Education, and needs to prove it's on solid financial footing to move forward. Otherwise, the college risks losing its accreditation.
