Announcement from Pillsbury.edu:
"The Pillsbury Baptist Bible College Board of Trustees has announced that the college will cease academic activities on December 31, 2008. National economic conditions combined with deficits caused by declining enrollment have exhausted Pillsbury’s financial reserves, leaving the college without funds to complete the school year.
Pillsbury is committed to help current students complete their educational goals. Several sister institutions are working with the college to facilitate the transfer of credits and academic programs for those who choose to transfer.
Pillsbury will invite college representatives from sister schools to the campus to inform students of the academic and financial assistance programs they are making available to Pillsbury students affected by the closure.
The Registrar’s Office and Financial Aid Office will assist current students transferring to other colleges. Transcripts and academic records will be maintained for perpetuity at a sister college. The campus will be sold and the proceeds used to meet obligations to creditors as well as assist faculty, staff and students with the transition."
This announcement was made today, and I for one am both surprised and not by this. I had previously heard that the college was having some financial difficulties (which was one of the reasons why I did not further pursue looking into the school. I do feel that I am where God wants me at MBBC).
