amount.
College Board representatives explained that with insolvency inevitable—even though the college was still technically solvent—the Board felt the responsible course was an advance announcement of the closing. That would let enrolled students transfer at the beginning of a new academic year and prevent an entering first-year class from having to transfer after only one semester. It would also allow the college to honor financial obligations and provide severance to faculty and staff.
==== Efforts to forestall closing ====
A group of Sweet Briar alumnae, students, faculty, and supporters united to save the college from closing through legal action, social media and a fundraising campaign, "Saving Sweet Briar". Saving Sweet Briar, Inc. asserted that the financial decline cited as the reason for closing was overstated or illusory, and sought the resignation of interim President James F. Jones and the board of directors. In a return statement, the President and the Board declined resignation, saying that …
