Image:  On the morning of May 2, the leaders of Hannibal-LaGrange University called faculty and staff into a meeting to share good news: they had raised $1.5 million and would remain open for the fall semester. Employees had been waiting anxiously for such news since March, when the nearly 100-year-old Baptist college in Missouri received a dire financial assessment. Though the funds raised fell short of the $2.2 million administrators said they needed to pay off the...

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