BEDFORD, Va. (AP) — A mediated plan to keep afloat Sweet Briar College is heading to a judge for review.
A Bedford County court hearing is scheduled Monday to take up the roadmap to keep open the 114-year-old women’s college.
Attorney General Mark Herring announced the operating agreement late Saturday. It calls for an infusion of donated dollars raised by determined alumnae, a change of leadership and the use of endowed funds to launch the 2015-16 academic year.
School leaders announced in May the college would be shuttered in late August amid insurmountable financial challenges.
The announcement was met with skepticism by alumnae, who launched an aggressive campaign to keep Sweet Briar open.
Herring credited all parties involved in the mediation, and reserved special praise for passionate alumnae.
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