In order to face the loss of income provided by the state of California, the college has begun exploring its options to replace that much needed cash flow. The meeting did not specify which course of action would be taken, however it was heavily implied that a loan of $25 million would need to be taken out to cover all expenses for the year. This raised concerns about the coming years and the college’s stability, but more information is yet to come.
https://www.talonmarks.com/news/2020/10/11/college-needs-a-25-million-dollar-loan/
