Hampshire College philosophy professor Christoph Cox.
Carrie Healy / NEPR

It's been nearly two months since Hampshire College's president announced the school was searching for a long-term "strategic partner" to help the school as it faced enrollment declines and financial pressures. 

Updated at 10:15 p.m. ET

Federal officials have charged dozens of well-heeled parents, including actresses Felicity Huffman and Lori Loughlin, in what the Justice Department says was a multimillion-dollar scheme to cheat college admissions standards. The parents allegedly paid a consultant who then fabricated academic and athletic credentials and arranged bribes to help get their children into prestigious universities.

The Edward H. Everett mansion at Southern Vermont College.
Jared C. Benedict / Creative Commons

Leading our roundup of this week's news: Southern Vermont College in Bennington announced it will close in a few months amid mounting debt and sagging enrollment. 

Starting in May, the UMass Amherst business school is offering a degree-granting program on the former campus of Mount Ida College, in Newton.

Some professors at UMass Boston are angry about the move. They see it as UMass Amherst competing directly with UMass Boston’s business school.

UMass Amherst’s Isenberg School of Management will offer a master’s of science in business and analytics on the old Mount Ida campus.

A cascade on the campus of Southern Vermont College. The school announced via press release Monday that it will close at the end of the 2019 spring semester.
Ric Cengeri / VPR File

The town manager of Bennington, Vermont, says the closure of Southern Vermont College in his town will be "terrible" for his community.