NJ College to Merge With State School After Financial Stress

A cash-strapped college in Jersey City, New Jersey, is poised to merge with a larger state school after persistent budget shortfalls made its future unsustainable.

The board of trustees for New Jersey City University voted to approve the pursuit of a merger with Kean University on Wednesday, laying the groundwork for the acquisition. NJCU is a public university located across the Hudson River from New York City that has struggled to address a deteriorating fiscal situation.