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Anyone want to buy a university? Limestone U is broke.

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Beloved southern college Limestone University abruptly closes campus after 179 years​

By EMMA RICHTER FOR DAILYMAIL.COM

Published: 17:42 EDT, 16 April 2025 | Updated: 17:43 EDT, 16 April 2025

South Carolina's Limestone University is set to close its doors after 179 years due to 'financial uncertainty.'
The institution, which costs about $27,000 per semester, announced the devastating news Wednesday to staff and students in a letter on its website.
Because of the setback, the school might switch to strictly online instruction or shut down completely, according to the Christian university.

The liberal arts school, located in Gaffney - about two hours outside of Columbia - said the only way the school will be able to stay afloat is if it receives 'immediate financial support in the amount of $6 million.'
The board is expected to convene on April 22 to discuss the school's future and all in-person classes are set to end at the end of the spring semester - April 29.
In addition to shutting down in-person instruction on campus, which would affect about 1,000 students, athletics would also end.
'The Board’s priority is to preserve the Limestone mission of education and service on our campus in addition to online. But without this financial lifeline, we will have no choice but to move all operations online, which means closing our physical campus,' Randall Richardson, Chair of the Limestone University Board of Trustees, said.
Because of the drastic decision, the campus will be sold and approximately 300 employees will be laid off, Nathan Copeland, the school president, told The Post and Courier.
South Carolina's Limestone University might close its doors after 179 years due to 'financial uncertainty'


South Carolina's Limestone University might close its doors after 179 years due to 'financial uncertainty'
The news could either mean that the school would switch to strictly online instruction or shut down completely. (Pictured: Student on campus at Limestone)


Copeland, who became president last year, said the school is $30 million in debt and won't be able to get the funds it needs from tuition payments until September.
The school itself has a $150 million economic impact on Cherokee County, meaning that possibly switching to online instruction or closing down could threaten the entire community.
When he first joined the school, Copeland planned to help pull it out of its financial troubles but it was too far gone, Charles Wyatt, vice president for communications, told the outlet.
'We ran out of runway... If we could have made it until September,' Wyatt said.
He added that the school is working to help transfer students, especially athletes, to other universities.
One student, Cameron Wells, who transferred to Limestone from Coastal Carolina, expressed his disappointment in the news.
'We were just getting things popping,' Wells said.
Richardson said that the school 'remains committed to our students' during this hard time.

The institution announced the devastating news Wednesday to staff and students in a letter on its website
'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,' Richardson wrote in the letter.
'We are reaching out separately to students with information regarding options to continue their education.'
Limestone opened its doors in 1845 when it was known only as Limestone College. It officially changed its name in 2020.
When it first opened, the school was the first women's college in the state and one of the first in the nation.
The institution started admitting men in the early 1990s, but they were not initially allowed to live on campus.
The school currently offers both on-campus and remote learning schedules for undergrad and masters programs.
 

Beloved southern college Limestone University abruptly closes campus after 179 years​

By EMMA RICHTER FOR DAILYMAIL.COM

Published: 17:42 EDT, 16 April 2025 | Updated: 17:43 EDT, 16 April 2025

South Carolina's Limestone University is set to close its doors after 179 years due to 'financial uncertainty.'
The institution, which costs about $27,000 per semester, announced the devastating news Wednesday to staff and students in a letter on its website.
Because of the setback, the school might switch to strictly online instruction or shut down completely, according to the Christian university.

The liberal arts school, located in Gaffney - about two hours outside of Columbia - said the only way the school will be able to stay afloat is if it receives 'immediate financial support in the amount of $6 million.'
The board is expected to convene on April 22 to discuss the school's future and all in-person classes are set to end at the end of the spring semester - April 29.
In addition to shutting down in-person instruction on campus, which would affect about 1,000 students, athletics would also end.
'The Board’s priority is to preserve the Limestone mission of education and service on our campus in addition to online. But without this financial lifeline, we will have no choice but to move all operations online, which means closing our physical campus,' Randall Richardson, Chair of the Limestone University Board of Trustees, said.
Because of the drastic decision, the campus will be sold and approximately 300 employees will be laid off, Nathan Copeland, the school president, told The Post and Courier.
South Carolina's Limestone University might close its doors after 179 years due to 'financial uncertainty''s Limestone University might close its doors after 179 years due to 'financial uncertainty'


South Carolina's Limestone University might close its doors after 179 years due to 'financial uncertainty'
The news could either mean that the school would switch to strictly online instruction or shut down completely. (Pictured: Student on campus at Limestone)


Copeland, who became president last year, said the school is $30 million in debt and won't be able to get the funds it needs from tuition payments until September.
The school itself has a $150 million economic impact on Cherokee County, meaning that possibly switching to online instruction or closing down could threaten the entire community.
When he first joined the school, Copeland planned to help pull it out of its financial troubles but it was too far gone, Charles Wyatt, vice president for communications, told the outlet.
'We ran out of runway... If we could have made it until September,' Wyatt said.
He added that the school is working to help transfer students, especially athletes, to other universities.
One student, Cameron Wells, who transferred to Limestone from Coastal Carolina, expressed his disappointment in the news.
'We were just getting things popping,' Wells said.
Richardson said that the school 'remains committed to our students' during this hard time.

The institution announced the devastating news Wednesday to staff and students in a letter on its website
'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,' Richardson wrote in the letter.
'We are reaching out separately to students with information regarding options to continue their education.'
Limestone opened its doors in 1845 when it was known only as Limestone College. It officially changed its name in 2020.
When it first opened, the school was the first women's college in the state and one of the first in the nation.
The institution started admitting men in the early 1990s, but they were not initially allowed to live on campus.
The school currently offers both on-campus and remote learning schedules for undergrad and masters programs.
So they can't survive on 54 million per year.
Sounds like mismanagement to me.
A lot like St. Joe College in Rensselaer Indiana.
 
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So they can't survive on 54 million per year.
Sounds like mismanagement to me.
A lot like St. Joe College in Rensselaer Indiana.
What has happened with St. Joe since they closed the doors? Used to play some baseball up there and was shocked when it closed. I figured the Catholics would have bailed them out.
 
What has happened with St. Joe since they closed the doors? Used to play some baseball up there and was shocked when it closed. I figured the Catholics would have bailed them out.
Still closed.
I know of a couple large endowments given to them but I don't know what happened to the money, property.
 
I just did a google on it, and it's now a truck driving school and some minor medical classes.
I have to tell this story.
A good friend of mine, recently deceased, Keith Fingerhut, holds all the running back records at the school.
He started at Alabama, he broke his arm as a freshman and they yanked his support so he attended St. Joe.
My Aunt worked in the University Book Store and invited me to join her for lunch.
All the Chicago Bears were there eating.
All I could get was a library card but got a bunch of autographs.
Gayle Sayers and Brian Piccolo on the same card!
 
I have to tell this story.
A good friend of mine, recently deceased, Keith Fingerhut, holds all the running back records at the school.
He started at Alabama, he broke his arm as a freshman and they yanked his support so he attended St. Joe.
Also!
My Aunt worked in the University Book Store and invited me to join her for lunch.
All the Chicago Bears were there eating.
All I could get was a library card but got a bunch of autographs.
Gayle Sayers and Brian Piccolo on the same card!
What a great get. Loved Pic.
 
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