Limestone University in Gaffney, South Carolina, is facing a $6 million budget shortfall and may have to close its campus at the end of this academic year.
The Spartanburg Herald-Journal reports that the university's board of trustees is scheduled to meet Tuesday to decide the school's fate.
University President Nathan Copeland informed the Limestone community last week that the school's dire financial condition may force a decision to shutter the campus.
The university faces an immediate shortfall of $6 million, according to university officials.
If $6 million can be raised, Limestone would have “the opportunity to pursue long-term solutions that preserve its on-campus identity," officials said.
But Copeland isn’t optimistic. He said he has had discussions with donors and with lending institutions, “but we have not been able to find a solution.”
He said the university might move to an all-online model or cease operations altogether.
About 1,000 students attend classes on campus. Another 750 take courses online.
The university employs about 300 professors and other staff members.
Limestone is planning to hold a college fair to help students explore options and make connections with admission staff at other schools.
