The King’s College will be able to finish the spring 2023 semester thanks to a $2 million loan from Peter Chung, although the future of the college remains uncertain. In an email on Friday, March 3, King’s confirmed that “we received bridge financing that will provide us with funds to ensure that we can fulfill our financial obligations to faculty and staff through the end of the semester.” The $2 million loan does not cover the overdue rent for the Albee on-campus housing.

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