A 180 -year -old private Christian university in South Carolina is closing at the end of the semester after failing to carry out $ 6 million to maintain its educational functions.
The university said in a news release on Tuesday that Limuston University raised about $ 2.1 million from about 200 donations during the two -week funding period.
Richar Richardson, president of the trustees of the University of Limustone University, said, “Our limestone will bear through the lives of our students and alumni, which take it forward in the world.” “Although our doors may be closed, the effect of limestone university will survive.”
According to the state’s higher education data, Limustone University’s online and in-tradition enrollment increased to about 1,600 students in 2014.
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The University of Limuston at Gaffney, SC announced late on Tuesday that it would be closed after failing to raise $ 6 million. (AP Photo/Mary N Chastain, File)
Several hundred professors and assistant employees will lose their jobs as part of the closure. The school said that it had promised to help students transfer to other schools.
Students and faculty have questioned whether the school is financial Problem Could be handled soon.
“Why didn’t we do anything soon?” Emma Kannap, a student, Told WSPA-TV“We kept spending money when we should not have been.”
Paul Lefrancois, a professor at economics at Limustone, said, “Problems did not occur overnight and he could probably be addressed soon.”
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Daniel Danen Junior, who plays football for limestone, said he was surprised at the school’s serious financial condition and sudden closure.
“When we came to know that the school had $ 30 million debt, we all thought how they were going to get out of it. In the last two weeks, this week has been very tense with the upcoming final,” Denen said. Posts and couriers.
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Limustone, established in Gafni in 1845, will hold its final start ceremonies on Saturday.
The Associated Press contributed to this report.
