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New York Nonprofit College to Close Its Doors

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News video: New York Nonprofit College to Close Its DoorsOn Tuesday, nonprofit school Dowling College filed for bankruptcy after the liberal arts school, which is located in Oakdale, New York lost its academic accreditation back in August this year. The college, which will close its doors after 48 years, suffered from sinking enrollment and defaulted in 2015 on $54 million in debt that was issued through local governments.

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