Education

The probation status indicates that the university has taken significant steps to address its noncompliance issues and has provided evidence to indicate it can fix those issues within a year.

The private university in Danville took out nearly $15 million in bonds in 2017. As of June 2024, about $13.3 million remained on the balance.

The draft audit shows how the Danville university struggled after its endowment was decimated. But it also reports an increase in gifts to the school.

The Lexington school has been the subject of much scrutiny in recent years, as allegations of racism and sexism led to changes on post — which then prompted complaints from some alumni that VMI had strayed from its traditions.

Thomas Powell said that Averett University can recover from its financial crisis. He’s developing a plan to do that.

Clinton Hayes will join the Tazewell County campus from Somerset Community College in southeastern Kentucky.

Laura Treanor will succeed retiring longtime president Robert Sandel on July 1.

The city manager has proposed a flat budget for the school division and has said the city needs to take over the division’s fund balance.

The institute has about 1,500 students. Enrollment hovered around 1,700 in the years immediately preceding the COVID-19 pandemic.