[ballcoach15]

I have taught classes with a high of 220, and a low of 2. 15 is about the best number. All I know about the Ivy League schools is they are up North.

[adam42381]

A 1:6 professor/student ratio is too low. A 1:15 would be as low as a class should go.

With all due respect, ballcoach, the Ivy Leagues would likely disagree with you.

So would West Point, the Naval Academy and the Air Force Academy. BTW, the average for national liberal arts colleges is just over 11:1.

http://www.usnews.com/education/best-co ... lty-ratios

[ballcoach15]

What is average ratio at LU ?

[Purple Haize]

16.4k:1 if you take LUO into consideration. Ha

[From the class of 09]

Frankly I would have assumed that there would have been a stronger endowment considering the base of successful alumni for over a century.

Word on the street is they had an endowment of $90m+ but the dorms needed renovations of $20m+ and the board just saw the writing on the wall and wanted to close shop in an orderly fashion.

[adam42381]

What is average ratio at LU ?

18:1

http://colleges.usnews.rankingsandrevie ... sity-10392

[alabama24]

Word on the street is they had an endowment of $90m+ but the dorms needed renovations of $20m+

From the N&A:

Jones explained the college pulled roughly $10 million from the endowment because it lacked enough students to pay operating costs with tuition. The school went from having $94 million in its endowment at the end of last school year to $84 million today. About $56 million is “restricted by original covenant,” which means there are strict rules and conditions on how it can be used, based on agreements with donors.

http://www.newsadvance.com/news/local/s ... 0823f.html

http://www.newsadvance.com/news/local/s ... b6296.html

[From the class of 09]

Word on the street is they had an endowment of $90m+ but the dorms needed renovations of $20m+

From the N&A:

Jones explained the college pulled roughly $10 million from the endowment because it lacked enough students to pay operating costs with tuition. The school went from having $94 million in its endowment at the end of last school year to $84 million today. About $56 million is “restricted by original covenant,” which means there are strict rules and conditions on how it can be used, based on agreements with donors.

http://www.newsadvance.com/news/local/s ... 0823f.html

http://www.newsadvance.com/news/local/s ... b6296.html

Well there you go.

[rogers3]

Reality is more desperate than that. If you even knew half of the story, you would wonder how things continued so long without anyone recognizing the problems. Just 2 years ago, Forbes graded SBC with an A in regards to its financial status.

[soccer7]

Lets see if we can get CVCC to buy into moving to that property while LU takes over the space they are in. If LU were to be interested in the SBC property I could see that being an incredible spot for the Law School and/or the Graduate school of Business/Government.

[ballcoach15]

If LU were to obtain the property, it could add some schools not already offered on the mountain. Lots of land out there.

I have only been there once. In 1969 several of us ended up on campus looking for Amherst High School.

[4everfsu]

http://www.businessinsider.com/heres-wh ... ble-2015-3

[badger74]

That number is not faculty--it is total employment from President to the guy that saddles the horses.

[lynchburgwildcats]

What happens to all the endowment money when a school closes? Does it go back to all the people who donated it?

[rogers3]

What happens to all the endowment money when a school closes? Does it go back to all the people who donated it?

The CFO told us that the state AG determines how the covenants regarding the restricted endowment will be applied. The endowment dates to 1914; some of the content is not applicable. Things that they want to use it for... First of all, pay off debt, then severance for all faculty according to AAUP guidelines, and more minor things are possible like funding for staff who were getting their degree, but weren't finished yet and faculty grants that extend beyond June 30. The other big question is how proceeds of the campus are handled. There are real estate specialists appraising the properties next week. They are also selling horses, if anyone wants one.

[4everfsu]

What happens to all the endowment money when a school closes? Does it go back to all the people who donated it?

The CFO told us that the state AG determines how the covenants regarding the restricted endowment will be applied. The endowment dates to 1914; some of the content is not applicable. Things that they want to use it for... First of all, pay off debt, then severance for all faculty according to AAUP guidelines, and more minor things are possible like funding for staff who were getting their degree, but weren't finished yet and faculty grants that extend beyond June 30. The other big question is how proceeds of the campus are handled. There are real estate specialists appraising the properties next week. They are also selling horses, if anyone wants one.

Sad day for SBC. If you had told me when I was at LBC in the beginning that SBC would be closing I would have said never. Prayers for all the faculty, staff and students not just at SBC but TTU also.

[lynchburgwildcats]

What happens to all the endowment money when a school closes? Does it go back to all the people who donated it?

The CFO told us that the state AG determines how the covenants regarding the restricted endowment will be applied. The endowment dates to 1914; some of the content is not applicable. Things that they want to use it for... First of all, pay off debt, then severance for all faculty according to AAUP guidelines, and more minor things are possible like funding for staff who were getting their degree, but weren't finished yet and faculty grants that extend beyond June 30. The other big question is how proceeds of the campus are handled. There are real estate specialists appraising the properties next week. They are also selling horses, if anyone wants one.

Ah, thanks for replying. Don't think my landlord would like a horse roaming around though!

[BJWilliams]

Maybe the LU Equestrian Center or Masters Inn could pick up a few. I'm sure some other horse farms could be interested as well

[alabama24]

Maybe the LU Equestrian Center or Masters Inn could pick up a few. I'm sure some other horse farms could be interested as well

Neigh.

[Sly Fox]

My biggest question is, "Who gets possession of the Screaming Statue?"

[rogers3]

My biggest question is, "Who gets possession of the Screaming Statue?"

Now that, Liberty should buy!

[ATrain]

Maybe the LU Equestrian Center or Masters Inn could pick up a few. I'm sure some other horse farms could be interested as well

I'm planning on moving back to the east coast, but Sly could probably use one.

[4everfsu]

http://www.washingtonpost.com/news/grad ... t-closure/

http://www.washingtonpost.com/news/grad ... m-closing/

[ATrain]

Not sure what the first link has to do with this, but I've seen information regarding the second link. Apparently the alumnae have already raised $900,000 to keep it from closing.

[Sly Fox]

It is interesting that apparently none of their grads were apparently giving back because they were under the false impression they didn't need to do so.

Perhaps the living heirs and descendants of some of the endowments will grat some legal reprieve for the school to free up more funds to help the short-term. But you have to wonder how they would ever be able to recruit kids even if they managed to keep the place alive with this huge cloud floating over their heads.