Urban College Covers $250,000 Shortfall

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The Urban College of Boston will welcome students for the fall semester, school officials announced Monday, assuaging fears, for now, that the two-year school that serves mostly low-income and immigrant women would close amid financial difficulties.

School officials announced Monday that the institution, located on Tremont Street, has ­received enough donations and pledges from several individuals and foundations to cover its $250,000 budget shortfall. The college said the donors wish to remain anonymous.

“We’re going to open this fall and plan on opening the fall after that and the fall after that,” Peter Ebb, chairman of the school’s board of trustees, told about 70 cheering supporters, students, and teachers at a rally at the school Monday morning. “The Urban College of ­Boston is not going away.”

Ebb said the expected donations will give the school the time it needs to develop a long-term financial plan.

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