Chester College facing severe deficits, possible closure
CHESTER – A crippling budget deficit could force Chester College of New England to close its doors, according to school officials.
With enrollments declining during the recession, the small, private school has seen revenues drop in turn. School officials now need to between $500,000 and $900,000 by May 9 to remain in operation next year, Dean Laura Ives announced Thursday.
“The College has never been in a better position with exceptional staff managing their departments. The problem is very simple—and sadly a problem that we share with colleges across the country,” Ives wrote in a written statement.
“That is the only reason why we will have a deficit next year,” she wrote, “lower enrollment numbers with juniors and seniors.”
School officials have launched a fundraising drive, raising about $3,000 to date, and some students have elected to forgo certain school activities so the activities fees can go toward the deficit.
To donate, go to www.chestercollege.edu or contact Ives, the dean, at 887-7404,