Limestone University Closure Leaves Students Facing Unpaid Tuition Refunds
Limestone University, which ceased operations in May following prolonged financial difficulties and an unsuccessful fundraising campaign, owes nearly $400,000 to students impacted by its closure. Tuition refunds, reportedly guaranteed by university officials, have yet to be distributed.
According to a report submitted to the South Carolina Commission on Higher Education by Aurora Management Partners, the firm managing the university’s assets, Limestone owes $381,405 to 281 students. The average amount owed per student exceeds $1,350,though some individuals are owed more.
Michael thielen, a former graduate student, stated that Limestone owes him over $4,000.He expressed frustration with the university’s lack of accountability and transparency, noting that he has not heard from officials in nearly two months. “Everyone has washed their hands of this,” Thielen commented.
The abrupt closure of the private Christian university, which had a 180-year history, followed clear indicators of financial distress. In April, Limestone officials had initially postponed a closure decision, citing discussions for a $6 million lifeline. However, this funding did not materialize, leading to the university’s eventual shutdown.
Former employees have also initiated legal action against Limestone concerning the handling of mass layoffs.
Frequently Asked Questions
Q: what is the total amount Limestone University owes to students?
A: limestone University owes $381,405 to 281 students.
Q: Have students received their promised tuition refunds?
A: No, tuition refunds have not yet been disbursed.
Q: Who is managing Limestone University’s assets?
A: Aurora Management Partners is managing the university’s assets.
Q: Why did limestone University close?
A: The university closed due to prolonged financial difficulties and a failed fundraising effort.
This article provides factual reporting on the closure of Limestone University and does not constitute financial or legal advice.
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