Breaking News: Alderson Broaddus University Faces Closure Amid Financial Struggles
In a devastating blow to the higher education scene in West Virginia, Alderson Broaddus University has announced its impending closure due to severe financial difficulties. The university’s current students are now left scrambling to find alternatives for the upcoming academic year.
The decision came after the West Virginia Higher Education Policy Commission voted to revoke Alderson Broaddus’ power to confer degrees, citing the university’s financial instability as the primary reason. This move leaves the university’s future hanging in the balance, with the impending loss of accreditation casting a dark shadow over the institution.
Alderson Broaddus University has been plagued by financial issues for several years. In 2020 alone, the university reported a staggering net income of -$904,424. Additionally, a mountain of liabilities totaling over $39 million has accumulated, exacerbating the already dire situation.
In light of the university’s closure, neighboring institutions within the state have stepped up to offer support to displaced Alderson Broaddus students. They aim to assist these students in transferring credits seamlessly and ensuring they can complete their degrees without major disruptions.
Notably, student-athletes who were recruited by Alderson Broaddus are also grappling with uncertainty. Many have turned to social media as a platform to reach out to recruiters in search of alternative opportunities to continue their athletic pursuits.
West Virginia Governor Jim Justice expressed disappointment over the university’s closure. He extended his sympathies to the affected students, faculty, and alumni, recognizing the heartbreaking impact it would have on their lives and the local community.
Alderson Broaddus University, formerly known as Alderson-Broaddus College, has a rich history dating back to its founding in 1932. It gained university status in 2013, marking a significant milestone for the institution.
As the university grapples with its financial woes, the priorities now lie in finding solutions to preserve the education and future opportunities of its students. The repercussions of this closure will undoubtedly be felt throughout the state’s academic landscape, leaving a void that will be challenging to fill.
