Monday, June 22, 2015

Vermont Technical College's Deficit Shrinks, But It's Still In The Red - STEVE ZIND, Vermont Public Radio

Trustees of the Vermont State College system have approved another loan to help struggling Vermont Technical College. The loan was anticipated and the college’s president says VTC’s financial situation is improving. Trustees signed off on the $1.9 million supplemental loan in May when they approved the college’s annual budget. Audio for this story will be posted at approximately 11 a.m. on Monday, June 15. The loan brings to just under $7.2 million the amount VTC has borrowed from the state college system since the 2013 fiscal year and it’s likely the college will need another loan in the future.

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