Hampshire College Secures Loan to Complete Fall Semester Before Closure
Hampshire College has secured a loan to offer classes through the fall semester, school says

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Hampshire College has secured a loan to fund operations through the fall 2026 semester, allowing students to complete their degrees before the institution's closure. This decision follows previous financial concerns regarding the college's ability to continue its teach-out program.
- 01Hampshire College has reached a loan agreement with a philanthropic partner to support operations until December 31, 2026.
- 02The college plans to complete its teach-out for approximately 800 students before closing after the fall 2026 semester.
- 03Financial challenges include stagnant enrollment and difficulties in refinancing debt.
- 04The college is working with the Hampshire College Faculty Union to ensure adequate faculty support during the teach-out.
- 05Hampshire College's financial statements show a net revenue of $36.4 million against total expenses of $40.39 million for the year ending June 30, 2025.
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Hampshire College has secured a loan that will enable it to continue operations through the fall 2026 semester, allowing students to complete their degrees before the college's planned closure. President Jenn Chrisler announced the agreement with an unnamed philanthropic partner in an email to the college community. This funding alleviates previous concerns about the college's financial viability, which had raised doubts about the planned teach-out program for its approximately 800 students. Despite this positive development, Chrisler emphasized that the college still faces significant financial hurdles, including the need for insurance coverage and ongoing philanthropic support. The college's financial difficulties stem from stagnant enrollment and challenges in refinancing debt, with net revenue reported at $36.4 million against $40.39 million in total expenses for the year ending June 30, 2025. The college is also in discussions with the Hampshire College Faculty Union to ensure adequate faculty support during the transition period. While the loan provides a temporary solution, the college is actively pursuing land sales to meet its financial obligations and facilitate an orderly wind-down of operations.
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The loan allows Hampshire College to complete its educational programs, impacting students and faculty during the transition.
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