Complex sentence: The college posted an FAQ that explains it will use available funds to transfer students to other schools, pay legal obligations like debt and pensions and fund faculty and staff severance packages; it will request legal guidance on the disposition of restricted endowment.
Split into simpler sentences: The college posted a FAQ explaining it will use available funds to transfer students to other schools and pay legal obligations, like debt and pensions and fund faculty and staff severance packages. It will request legal guidance on the disposition of restricted endowment.