Iowa: Waldorf College may sell assets to online school

by E Wayne Ross on February 24, 2009

Des Moines Register: Waldorf College may sell assets to online school

Forest City, Ia. – Waldorf College leaders are pursuing a rare path for a nonprofit, faith-based college – selling its assets to a for-profit, online university.

College President Dick Hanson confirmed Friday that school officials were considering such a move with Columbia Southern University of Alabama. The proposal comes as the 106-year-old Lutheran- affiliated college struggles with its finances. It has seen enrollment and donations shrink.