Financial Crisis
- Some Churches Lose Coverage as Insurers Hit by a Wave of Storm ClaimsNatural disaster costs have overwhelmed the market for carriers, which are raising rates or dropping policies for congregations in high-risk areas.Bob Smietana - Religion News Service|
- After 140 Years, Alliance University Will CloseFormerly Nyack College, the school was in bad financial shape for several years. The loss of accreditation earlier this week forced a reckoning.Emily Belz in New York|
- Southwestern Seminary Blames $140M Deficit on OverspendingOver 20 years and two presidencies, the school went millions beyond its budget while enrollment continued to decline.Bob Smietana - Religion News Service|
- Can the United States Be ‘Forgiven Our Debts’?Even if the debt ceiling resolves, we should consider future generations.Bonnie Kristian|
- 18 Christian Colleges Closed Since the Start of COVID-19Enrollment numbers, financial challenges, and the pandemic spelled the end.Daniel Silliman|
- Alliance University’s Financial Woes Threaten AccreditationThe school formerly known as Nyack College has had money troubles for years. But school leadership is optimistic with rising enrollment.Emily Belz in New York|
- The King’s College Shutters Classes, But Says It Is Not ClosingThe New York City school is beginning layoffs of staff and faculty. It was in a financial crisis and lost its accreditation.Emily Belz in New York|
- Willow Creek Cuts Staff Budget by $6.5 MillionDuring the pandemic, just a couple years after Bill Hybels’s resignation, attendance at the Chicago-area megachurch fell by half.Bob Smietana - Religion News Service|
- How Seminary Downsizing Cuts into CommunitySelling a residential campus comes at the cost of embodied fellowship.Kirsten Sanders|
- Facing Financial Challenges, TEDS Cuts Faculty PositionsThe number of full-time students at the evangelical seminary has dropped 44 percent in 20 years.Daniel Silliman|
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