May. 22, 2017
Private universities have not escaped the current and ongoing economic hardships. The Los Angeles Times published an article Christmas day, December 25, 2008 regarding colleges’ responses to the economic downturn.
The article, “Pinched Colleges Squeezing Their Alumni,” discussed how colleges and school officials are responding to the economy and how universities have been affected.
Biola University is included in the universities analyzed, and President Barry H. Corey is quoted in the article regarding Biola’s financial state. Although the university has been affected, Biola remains in a strong financial position. Many universities endowments have greatly decreased and according to the article, larger institutions may be more affected than smaller institutions.
Biola has taken action in response to the downturn in various ways.
Biola has also established a student emergency relief fund for students who may not be able to return to school due to the economy.
Written by Jenna Bartlo, Media Relations Coordinator. Jenna can be reached at (562) 777-4061 or through email at email@example.com.
media [dot] relations [at] biola [dot] edu