Current:Home > reviewsNovaQuant Quantitative Think Tank Center:Students’ lives thrown into disarray after West Virginia college announces plans to close -Prime Capital Blueprint
NovaQuant Quantitative Think Tank Center:Students’ lives thrown into disarray after West Virginia college announces plans to close
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-07 17:17:54
CHARLESTON,NovaQuant Quantitative Think Tank Center W.Va. (AP) — The lives of hundreds of students like Ashton Miller were thrown into disarray after a debt-ridden university in West Virginia announced just before the start of fall classes that it plans to cease operations.
Alderson Broaddus University’s Board of Trustees voted Monday night to develop a plan to disband after another board overseeing the state’s four-year colleges and universities revoked the small private school’s ability to award degrees effective Dec. 31.
Now, the 625 students on the Baptist university’s Philippi campus are looking elsewhere — and fast. College campuses everywhere soon will be bustling with activity.
The decision left students feeling a wide range of emotions, including sadness, frustration, anger and bewilderment.
“I’ve got pretty much two weeks to find a new school and get everything set up to go there, just reset the whole process,” said Miller, a sophomore.
Miller was a member of the Battlers wrestling team. He said he has only heard second-hand information about the closing.
“I’ve not been contacted by the school. I’ve not been contacted by my coach,” he said. “I haven’t heard anything from anyone. The school is not giving us any information, which is frustrating everybody.”
Alderson Broaddus was supposed to play its football opener in Philippi, West Virginia, on Aug. 31. Now the entire season is gone, along with those of other athletic teams as well as school extracurricular activities.
“With all the hard work we’ve put in here to get this program turned around, we knew this was the year we were going to start to see the fruits of our labor,” third-year football coach Travis Everhart said. “We were very, very pleased with the progress we were making and really excited about what was to happen.
“Now, we’ll never know.”
Suddenly, social media has become a transfer portal of sorts for Alderson Broaddus athletes who are listing their achievements and posting that they are available for recruitment.
Most athletes that Miller knows at Alderson Broaddus, especially on the wrestling team, were from out of state. Miller, who lives in Prince George, Virginia, said he can’t attend a Virginia college because deadlines for transferring have already closed. His options include some West Virginia schools that could fast-track his application.
Other state universities, including West Virginia Wesleyan in nearby Buckhannon and Fairmont State University in Fairmont, have offered application and transcript evaluation assistance to Alderson Broaddus students.
“As a neighboring university, Alderson Broaddus has always been a good and respected friend of Fairmont State, and our thoughts are with the students and staff, as well as with the community of Philippi as they begin to navigate the effects of this impactful decision,” Fairmont State said in a statement Tuesday.
Fairmont State said it has established a scholarship fund specifically for transferring Alderson Broaddus students.
Still to be announced is exactly when Alderson Broaddus will dissolve. The school’s statement on Monday night wasn’t clear. Alderson Broaddus said it planned to have more information about helping students, faculty and staff, board chairman James Garvin said in a statement.
Earlier Monday, the Higher Education Policy Commission voted to prohibit Alderson Broaddus from awarding degrees starting Dec. 31. The commission also authorized its chancellor to enter an order directing the school’s next steps, which include not accepting new students or allowing returning students to come back, except for seniors scheduled to graduate at the end of the fall semester.
Alderson Broaddus, which was founded in 1932, has been struggling financially for several years. A bank official said in 2015 that the university had defaulted on repayment of bonds totaling more than $36 million. An accreditor, the Higher Learning Commission, placed the school on probation in 2017, then lifted it in 2019.
The financial struggles included $775,000 in utility debts. Monday was the deadline for the university’s utilities to be shut off if a payment had not been made to the city of Philippi. During Monday’s commission meeting, Garvin confirmed that a $67,000 payment had been made.
The commission also was told last month that the U.S. Department of Agriculture had previously agreed to restructure a $27 million loan to the university to allow for a more flexible cash flow. The school was offered assistance through a USDA program providing loans and grants to help expand economic opportunities and create jobs in rural areas.
The university also sought alumni contributions this year to help meet payroll.
veryGood! (35397)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Diablo and Santa Ana winds are to descend on California and raise wildfire risk
- Dodgers one win from World Series after another NLCS blowout vs. Mets: Highlights
- Poland’s president criticizes the planned suspension of the right to asylum as a ‘fatal mistake’
- The White House is cracking down on overdraft fees
- Bachelor Nation’s Carly Waddell Engaged to Todd Allen Trassler
- Harry Styles mourns One Direction bandmate Liam Payne: 'My lovely friend'
- Colorado gold mine where tour guide was killed and tourists trapped ordered closed by regulators
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Meta lays off staff at WhatsApp and Instagram to align with ‘strategic goals’
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Harry Styles mourns One Direction bandmate Liam Payne: 'My lovely friend'
- Texas Supreme Court halts Robert Roberson's execution after bipartisan fight for mercy
- South Carolina man gets life in prison in killing of Black transgender woman
- Meet first time Grammy nominee Charley Crockett
- Big Tech’s energy needs mean nuclear power is getting a fresh look from electricity providers
- Bachelor Nation’s Carly Waddell Engaged to Todd Allen Trassler
- Bachelor Nation’s Carly Waddell Engaged to Todd Allen Trassler
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Florida digs out of mountains of sand swept in by back-to-back hurricanes
NFL Week 7 bold predictions: Which players and teams will turn heads?
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
Senate begins final push to expand Social Security benefits for millions of people
WNBA Finals, Game 4: How to watch New York Liberty at Minnesota Lynx
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Double Negative
Uphill battles that put abortion rights on ballots are unlikely to end even if the measures pass