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Another Pentecostal school in trouble

flockwood

A year ago, Oral Roberts University was on the ropes. Now, Vanguard University that is in trouble.

The similarities are striking. ORU’s president quit in November, after disclosing that the school was $52 million in debt.

At Vanguard, top school officials stepped down after disclosing a debt of $42 million.

Both schools are from the Pentecostal-Charismatic movement [ORU was started by a faith-healing televangelist, Vanguard belonged to the Southern California district of the Assemblies of God.]

ORU got a massive bailout from an Oklahoma billionaire, who demanded that the school change its fiscally-irresponsible ways. Finding a similar savior for Vanguard, in this economic climate, could be a real challenge.

This entry was posted on Friday, January 23rd, 2009 at 3:45 pm and is filed under Religion. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Another Pentecostal school in trouble”

  1. Caleb Powers Says:
    January 23rd, 2009 at 4:59 pm

    Since it worked out so well the last time, maybe Bro. Oral ought to re-ascend the Prair Tair and ask God directly for help.

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