Emily Thomas, Student Life Reporter November 2, 2022
U.S. President Joe Biden announced on Monday, Oct. 17 that applications for his administration's student loan forgiveness program are now open.
Paula Elenbaas, associate director of financial aid at...
It is no secret that Calvin College is in debt. However, in the past two years, Calvin has made significant steps towards balancing the budget. Last year, Calvin raised $25 million for debt relief from...
According to data released by the U.S. Department of Education, Calvin students have a low loan default rate compared to students at other institutions of higher learning around the nation.
Many students...
As a part of a broader plan to reduce its current operating deficit and outstanding debt, Calvin College paid down $13 million this August.
In addition to reducing long-term debt, this payment will also...
Calvin announced earlier today that they have successfully raised $25 million over the last eight months for the express purpose of reducing the college’s long-term debt.
The original goal, set by president...
Fifteen months after the top financial position was vacated and Calvin’s financial difficulties came to light, the college has a new director of finance.
Joel De Bruin, a 1990 Calvin graduate and certified...
Calvin administrators are one-third of the way to closing the school’s $11.5 million budget gap after cutting 3 to 7 percent of spending in most departments across campus this fiscal year.
“I’m...
It is no secret that Calvin College is in deep financial trouble. What remains a secret, however, is knowledge of exactly how we got to where we are today. Yes, an independent, investigative task force...
Shirley Hoogstra, vice president for student life and member of the president’s cabinet, apologized to faculty for her role in Calvin’s fiscal problems Monday night, saying that she should have been...
Confused? Check out our infographic explaining what happened.
Calvin’s method of financing construction projects significantly contributed to Calvin’s fiscal problems, according to a task force report...
Editorial note: This article was originally published on Wednesday, Dec. 5. It was retracted shortly after due to minor errors in terminology and a miscommunication with the administration, who later...
