Hannibal-LaGrange University released a statement March 16 detailing significant financial challenges and a plan to help the school move forward. Rodney A. Harrison, HLGU’s transitional president, announced a three-step plan for the university, located in Hannibal, Missouri:
- Reduce a $690,000 debt, which the school said is their highest priority.
- Raise $1,510,000 by June 30 (the end of the current fiscal year) to help propel the school into the new fiscal year without incurring additional debt.
- Implement a new budget that will help restore the university’s financial standing.
Harrison stepped into the role following the announcement of immediate past president Anthony Allen’s resignation in January.
Harrison noted, “Our goal to continue the mission of Hannibal-LaGrange is not uneducated enthusiasm. We have prayerfully and carefully weighed each step of this plan, and God has been faithful to show us His hand is already at work. This university has been impacting lives and communities for 164 years.
“It is so much more than a place of higher learning,” he said. “Millions of memories have been made here, thousands of relationships have been formed, and hundreds of decisions for Christ have been made.”