Less than a month ago, the University of Hannibal-Lagrange faced a financial crisis that was "too big for humanistic responses," according to his president, Rodney Harrison. But in recent weeks, university officials have established a challenging path, but possible, in advance.

The small Baptist University in northeastern Missouri has faced the decrease in registration for years. For a university that is almost entirely based on registration to finance its operating expenses, even small changes in the numbers of students can have devastating effects. This year, the University counted 780 total students, came down from 810 last year, Harrison said. Ten years ago, the University enrolled more than 1,000 students, according to the National Center for Education Statistics.

The Covid-19 pandemic brought an additional financial stress to the institution with difficulties. Many higher education leaders expected the pandemic to be a Knell of death for small universities with "their nails on the edge of the cliff," said Tim Fuller, the founder of Fuller Superior ED solutions, a consulting firm for Christian universities. But the wave of university closures that experts expert were never passed, it is likely that federal government relief funding acquired those institutions in the short term.

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    Some institutions saw that the financing of Stimuli "as a welcome relief to keep the lights over a period of time, and they did not have enough room to do anything. Particularly strategic," Fuller said.

    Harrison admits that relief financing, although very appreciated, may have masked Hannibal-Lagrange's financial reality. In truth, the university had failed for years to modify its business model to explain the inscription in fall.

    "We have said that we know that we could have done it better, we have not been wise segments." Harrison said. googleg.cmd.push (function () googleg.display ("dfp-ad-article_in_article"););

    Now Harrison has a plan. He is implementing strict measures of austerity while embarking on an ambitious fundraising campaign.

    "Today I had a phone call from a church. It's not a big church, but they're giving a very big gift because they said they would never want a student who could not go to Hlu," Harrison said.

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    Harrison was appointed at the beginning of March as President of Transition, in charge of drawing a forward path for the University, while the Trustee Board identifies a successor of Former President Anthony W. Allen, who is He withdrew in January. Harrison is also president of the Baptist Homes & Healthcare Ministries and is effectively "on loan" to the university, he said.

    In addition to the collection of fundraising, the university has implemented strict austerity measures to stop their expenses. Through the term of spring. All employees moved to a four-day work week, which resulted in 20 percent total cutting on the payroll. The University suspended its 403 (b) retirement contributions during the duration of the austerity period. Some employees took volunteers.

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