- Associated Press - Thursday, July 14, 2016

OAKDALE, N.Y. (AP) - A struggling liberal arts college on Long Island says efforts to partner with an academic investment firm have failed.

Newsday (https://nwsdy.li/29QH1F1 ) says Dowling College in Oakdale was unable to reach a last-ditch deal with United Kingdom based Global University Systems.

A spokeswoman for a law firm working with Dowling says the school is winding down its operations but there’s currently no official closure notice.

Dowling Board Chairman Michael Puorro announced the deal’s collapse in a letter emailed to the college community.

A New York Board of Regents official said previously that Dowling is about $54 million in debt. Its enrollment has dropped 50 percent since 2009.

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Information from: Newsday, https://www.newsday.com

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