GAFFNEY, S.C. (FOX Carolina) – Limestone University announced on Wednesday that it is at a critical financial crossroads that could have significant impacts on the university’s future.
Limestone’s Board of Trustees said without $6 million in financial support, the institution will need to move to a fully-online model or begin the process of shutting down entirely. The university said it is facing challenges from a combination of enrollment declines, rising costs, and “long-standing structural pressures facing small, private institutions.”
“Limestone remains committed to our students and we will work directly with current students to help them identify the best path to successfully complete their educational journey,” said Randall Richardson, Chair of the Limestone University Board of Trustees. “We are reaching out separately to students with information regarding options to continue their education.”…