Paine College Announces ‘Debt Restructuring and Institutional Right-Sizing’ Initiative
Thursday, November 12th, 2026
Paine College’s President Dr. Lester McCorn confirmed plans are in place to “restructure the institution’s debt and right-size operations to align with current financial realities.”
The announcement was made during a meeting with faculty and staff on Friday, Nov. 6.
According to a statement from a spokesperson at the college, the Paine College Board of Trustees voted unanimously at its fall meeting to implement a strategy to reduce debt.
Read more at WJBF.
