Seminaries in trouble

This is true. The Sem here is in big trouble. Moving more stuff online is not the greatest solution. money sucks.

via usatoday

Sagging endowments and other shrinking revenue streams are challenging the status quo at the nation's seminaries, most of which aren't cushioned by a link to an endowed university.

Among the 175 "free-standing" institutions in the Association of Theological Schools, 39% were "financially stressed," with less than a year's worth of spendable assets, a fall 2008 report says. That's up from 26% a year earlier, and the data don't reflect fallout from the stock market crash in the fall.

Making matters worse, enrollments at ATS schools have dropped 4% since 2006, marking the first consecutive-year decline in more than 20 years. The Association for Biblical Higher Education (ABHE) says enrollments are also down at 60% of Bible colleges, which train undergraduates for ministry.

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