Dowling College on New York’s South Shore to Close After Default

  • Enrollment at 60-year-old college plummetted since 2009
  • Dowling has about $50 million of municipal bond debt

Dowling College, a small private college on Long Island’s south shore, is shutting its doors at the end of the week after 60 years as enrollment shrank by more than half in seven years and tuition revenue plummeted.

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