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.