Posted: 09/07/2010 at 4:16pm
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Regent University Struggles to Stay Afloat
Christianity Today
VIRGINIA BEACH, VA - Despite a $95 million booster shot from the Christian Broadcasting Network, Pat Robertson's Regent University is struggling for financial stability.
Moody's Investors Service predicts that the Virginia Beach school will "continue to experience deficit operating performance" that will "deplete or, at least hamper, financial resource growth" for the foreseeable future.
New Regent president Carlos Campo is more optimistic but admitted to the Chronicle of Higher Education that "some fiscal challenges remain."
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Edited by News Editor on 09/07/2010 at 4:17pm
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