Page 1 of 1

Greensboro College uses campus, endowment as collateral

Posted: July 18th, 2009, 4:02 pm
by flamesbball84
Greensboro makes Randolph's financial troubles look tame - they are using their entire campus and the majority of their endowment as collateral to pay off their loans.

http://www.news-record.com/content/2009 ... _back_loan

Posted: July 19th, 2009, 5:15 pm
by Libertine
Two things jump out at me from that article.
  • 1. You've got real problems if you have High Point-envy.

    b. Never follow a president whose first name is literally another word for "cowardly".

Posted: July 19th, 2009, 10:28 pm
by flames1971
Libertine wrote:Two things jump out at me from that article.
  • 1. You've got real problems if you have High Point-envy.

    b. Never follow a president whose first name is literally another word for "cowardly".
Tell my friend that--she's going to GC in the fall. Better stop her while I can...

Posted: July 19th, 2009, 10:34 pm
by flamesbball84
flames1971 wrote:
Libertine wrote:Two things jump out at me from that article.
  • 1. You've got real problems if you have High Point-envy.

    b. Never follow a president whose first name is literally another word for "cowardly".
Tell my friend that--she's going to GC in the fall. Better stop her while I can...
She might want to keep a list of places to transfer to - the GC economic situation sounds much worse than Randolph's did and still does.