Sheldon Jackson’s Major Creditor Forgives Loans

Robert Woolsey, KCAW – Sitka

Sitka’s Sheldon Jackson College is finally out of debt – almost.

Alaska Growth Capital is releasing the balance on loans made to SJC over the past decade -loans which ultimately drove the school under. While some unsecured debt remains, the way is now clear for the Sheldon Jackson trustees to transfer the historic campus to another institution.

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