College of Visual Arts' director of financial aid, David Woodward, explains part of the financial crisis he's been seeing among the college's families. It's a crisis that has caused the college to shut down for good in June:
"The economy has tanked since 2008 and many of the families that come to CVA are either in foreclosure of their home [or] they've lost jobs," Woodward said. "More and more I'm seeing families that are at their very wit's end in terms of their finances."
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