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The temporary and permanent layoffs are expected to save the financially struggling college $3.5 million a year.
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The deal with a strategic partner still needs the approval of the national commission that accredits colleges and other agencies
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Keystone College hasn't named the partner that could save the school, but says negotiations are going well.
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The Middle States Commission on Higher Education says college must prove its financial viability by Aug. 1
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College president says the school could close if the deal doesn't work out
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Accrediting agency tells Keystone College to plan to help students in case closure is necessary. College says planning doesn't mean closing or reducing degree programs is certain
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Just days after a change of ownership deal fell apart, Keystone College places vice president for finance and administration on leave.
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Keystone sought approval for a “membership interest transfer agreement” with the Washington Institute for Education and Research.
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The school, located in both Lackawanna and Wyoming counties, entered into a “membership interest transfer agreement” with the Washington Institute for Education and Research.