Cash-strapped schools are increasingly turning to Chinese buyers to help keep their doors open. In Princeton, New Jersey, Westminster Choir College has lost $10.7 million since 2015 and its affiliated university, Rider University, was been downgraded by Moody’s to a negative outlook in November, which laid the ground work for the school’s sale to Chinese company, Beijing Kaiwen Education Technology, for $40 million this February, reports Bloomberg. Though faculty and students worry about what their […]
source https://therealdeal.com/2018/03/25/us-schools-desperate-for-cash-are-selling-out-to-chinese-buyers/
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