Monday is when we expect to learn more about the difficult situation Loyalist College finds itself in.
On Saturday, Quinte News broke details from the Loyalist College Annual Report, which indicates the school could run out of cash at the end of March.
That exclusive also indicates more program cuts and faculty layoffs are in the works.
As we continued our review of the report, it showed the Minister of Colleges, Universities, Research Excellence and Security had offered Loyalist $25 million in an emergency loan.
That loan would be subject to certain conditions.
We are not aware if the school accepted a loan.
From fall 2024 until this most recent announcement, a source indicates that there will be a reduction of close to 50 per cent of faculty.
We have requested interviews with members of the OPSEU union, along with President Mark Kirkpatrick.
