Greensboro College puts up campus to back loan - Lorraine Ahearn, News-Record

Greensboro College, $19 million in debt, has put up its campus and the lion’s share of its endowment as collateral to Bank of America, school officials said Friday. And a month before classes start, the small liberal arts college is offering four years of free tuition to freshmen honors recruits in an aggressive effort to boost enrollment. College trustees, seeking to name an interim replacement following the July 7 retirement of longtime President Craven Williams, face a fiscal challenge that threatens the survival of the Methodist-affiliated school.