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Southeastern Bible College, in Alabama, announced Friday that it is suspending operations. "Upon the recent completion of an evaluation of SEBC’s financial resources, projected cash flows, strategic challenges and possible solutions to generate the funds needed to support operations, it was concluded that SEBC will not have sufficient resources to meet its obligations," said a statement from the college. AL.com reported that enrollment has been dropping and is currently 140. About 40 faculty members and other employees have either resigned or lost their jobs recently.
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