Alumni group set to run Antioch College

YELLOW SPRINGS, Ohio (AP) — Officials at Antioch University say they will turn over the campus of Antioch College in Ohio to an alumni group Friday, the first step in a plan to create a new, independent school.

Antioch University, which oversees the college in Yellow Springs, temporarily closed the school a year ago because of financial problems caused by declining enrollment, a heavy dependence on tuition and a small endowment.

The university announced in June that it planned to transfer the campus to the alumni group, which says reopening the school is at least two years away.

The alumni group has agreed to pay the university $6 million for the campus, which will host Friday’s signing ceremony.

Antioch College is known for its pioneering academic programs that produce students with a passion for social activism.