Dr. Jackson
Now, I happen to know that WLC has yearly shortfalls of tens of millions of
dollars. Consider this along with the looming bursting of the Student-debt
bubble and we can discern the thinking behind the name change. "Let's give up
any pretense of Lutheranism and we'll attract more people. Survive at any
cost."
Oh wait. This has been the MO of the entire WELS for 20 years. Ok.
Nothing to see here... Same ol', same ol'...
...Yawn....
Call in the Jelly-Tele-Tubbie Team. They will fix things: Parlow, Jeske, Kelm, and Patterson. |
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GJ - Small private colleges are on the brink, with so many charging too much money for degrees that do not earn enough to pay down the student debt. That is why all the seminaries are becoming empty, and yet the fixed costs are almost the same without the students to fill them.
All the schools thought that they students could borrow forever to pay the fantastic salaries of lazy, do-nothing professors. Bernie Sanders' wife bankrupted her little college by borrowing money to expand when the gifts were not coming in to service the loan. Even socialists have to face the music.