College of Visual Arts‘ director of financial aid, David Woodward, explains part of the financial crisis he’s been seeing among the college’s families. It’s a crisis that has caused the college to shut down for good in June:
“The economy has tanked since 2008 and many of the families that come to CVA are either in foreclosure of their home [or] they’ve lost jobs,” Woodward said. “More and more I’m seeing families that are at their very wit’s end in terms of their finances.”
Read the full story by MPR’s Marianne Combs here.
About the blogger
Alex Friedrich reports on higher education issues for MPR News. Among the stories he has covered: the fall of the Berlin Wall, aftermath of Hurricane Katrina, collapse of the I-35W bridge in Minneapolis, 2003 Moscow suicide bombing and 2004 presidential elections in the Republic of Georgia. He holds a bachelor’s degree in journalism from the University of Georgia and a master’s in European political economy from the London School of Economics.