The University of La Verne was classified as financially stable after receiving an “A” rating from Fitch Ratings last month. Fitch Ratings is an organization that publishes credit ratings for corporations and other institutions based on their ability to meet financial commitments, such as paying off debts.
With the University of La Verne facing a marked decline in student enrollment, a group of faculty and administrators are working on a "Sustainability Plan” to bridge the anticipated tuition revenue gap and hopefully reverse the trend.
In the past two years the rate of inflation has taken a sharp 7.5% increase, while staff and faculty at the University of La Verne have not seen a general, or cost of living, pay raise to correspond with it.
With a budget deficit of approximately $15 million due to the pandemic, and only 25% of housing and dining enrollment enrollment, the University has made financial cuts from numerous areas, while attempting to limit layoffs and furloughs of faculty and staff during these unprecedented times.
As she finished her workout with squats, pull, clean and jerk, and snatch, Hailey McCann sat on the floor, deciding if she wanted to go to In-N-Out for a burger with animal fries or to Little Caeser’s for a deep dish pizza.
Colleen Flores is making history as the La Verne Police Department’s first female chief of police. She began as an explorer at the Upland Police Department before going to the academy to become an officer.