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Paine College announces 'Debt Restructuring and Institutional Right-Sizing' initiative

Summary by WJBF
AUGUSTA, Ga. (WJBF) – Paine College's President Dr. Lester McCorn confirmed plans are in place to "restructure the institution’s debt and right-size operations to align with current financial realities." The announcement was made during a meeting with faculty and staff on Friday, Nov. 6. According to a statement from a spokesperson at the college, the [...]

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Paine College announces 'Debt Restructuring and Institutional Right-Sizing' initiative

AUGUSTA, Ga. (WJBF) – Paine College's President Dr. Lester McCorn confirmed plans are in place to "restructure the institution’s debt and right-size operations to align with current financial realities." The announcement was made during a meeting with faculty and staff on Friday, Nov. 6. According to a statement from a spokesperson at the college, the [...]

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WJBF broke the news on Monday, November 9, 2026.
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