PHILIPPI, WV (LOOTPRESS) – The West Virginia Higher Education Policy Commission has voted to provisionally reauthorize Alderson Broaddus University through June 2024.
The small school has faced financial instability and falling enrollment in recent years. In response, the Commission has mandated steps Alderson Broaddus must take to maintain its provisional status over the next year.
By October 1st, the university must submit plans to the state for teach-out or transfer options for currently enrolled students. This will ensure students can complete their degrees if the college closes.
Alderson Broaddus must also make arrangements to protect student transcripts and financial aid records with a third-party provider.
On a monthly basis, the school will need to report its financials and fundraising figures to demonstrate ongoing operational viability. It will also be subject to site visits and must comply with any additional state requests.
Commission Chancellor Sarah Tucker said that the WVHEPC wants to give the new leadership team time to potentially turn things around, but they still remain concerned about the institution’s finances.
The private college has seen its enrollment drop below 500 students.
If Alderson Broaddus fails to satisfy the Commission’s criteria over the next year, it risks losing its provisional authorization. The college’s president, Dr. Andrea Bucklew, said she is confident they can work to improve the budget situation during this period.