Thursday, March 29, 2007

Private Groups To Perserve College

INCLINE VILLAGE, Nev. - The Associated Press reports that Sierra Nevada College will partner with two private groups that will infuse the nonprofit college with money and help broaden its online curriculum to attract more students.

The private, liberal arts college, founded near the north shore of Lake Tahoe in 1969, will receive up to $15 million over the next five to seven years under an agreement with Knowledge Universe Learning Group LLC and Cardean Learning Group LLC. Officials said the partnership will help the school achieve its goal of 1,000 undergraduate students by 2014. Currently, it's enrollment is 230.

"A year ago, many questioned whether Sierra Nevada College would survive," said Larry D. Large, acting president. "Today, that uncertainty has been replaced with an exciting future that's as deep and clear and inspiring as the college's spectacular alpine setting."

Knowledge Universe Learning Group develops educational services and products for preschoolers to postgraduates. It is affiliated with Knowledge Universe Inc., co-founded by former Wall Street junk bond trader Michael Milken, an Incline Village resident.

College trustees began looking for a partnership last year after determining that the school could not survive on its endowment, at the time estimated at $4 million. For more details, visit the source article at Reno Gazette-Journal.

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