Tuesday, December 13, 2005

Tom Monaghan's plea for more money to cover rapidly escalating costs of AMU construction

This letter was originally sent out on October 20 of this year by TM to potential donors. Highlights include:

Construction costs, already up 50% since the project's inception, are poised to go up even further in the next two years, in the aftermath of the catastrophic hurricanes that have caused a new spike in demand for raw materials in our region.
This hampers our ability to take on new students as quickly as hoped. We added over 100 new students this year, and with rising construction costs, we may not be able to build as many new dorms on the new campus as we need.
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This is from the man who supposedly has the money to set AMSL for life? According to TM, they don't even have enough money to build the basic elements of AMU. Link to full letter is here.

4 Comments:

At 4:00 AM, Blogger Thomas said...

im sure Benedict is deeply worried about AMU's library.

monaghan has NEVER had enough money to cover the costs of building his grand vision down there. he just can't hide it anymore as he gets closer to running through his finite assets.

 
At 10:42 AM, Blogger res_ipsa_loquitur said...

Yes, but at least they got the Vatican choir...

 
At 2:15 PM, Blogger Tom said...

Ave Maria University may not achieve accreditation from a federally-recognized accrediting agency for some time to come.

AMU is currently "preaccredited" by the American Academy for Liberal Education (AALE) through November 2007. The AALE accredits colleges whose sole purpose is liberal education (such as Saint John's Colleges in Maryland and New Mexico and or Thomas Aquinas College in California). The AALE also accredits programs of liberal education at institutions of higher education (colleges or universities) which also have "non-liberal" education programs--such as James Madison College at eastern Michigan University or the College of Arts and Sciences at Baylor University.

Until now the AALE has been a federally-recognized accrediting agency (through the U.S. Department of Education) such as the regional ones (New England Association of Colleges and Schools, Southern Association ..., etc.) except that it accredits colleges or programs of liberal education regardless of geographical location (as do other similar specialized accrediting agencies such as the American Bar Association). Students at educational institutions accredited by such federally-recognized agencies are eligible for federal aid (grants and loans).

According to the December 9, 2005, Chronicle of Higher Education daily online bulletin
(http://chronicle.com/daily/2005/12/2005120903n.htm), the National Advisory Committee on Institutional Quality and Integrity, which advises the U.S. Department of Education on matters relating to accreditation, has recommended that the AALE's federal recognition be suspended, because the AALE has "
not adequately demonstrated that it requires the institutions it accredits to assess what their students have learned." The suspension, which the Education Department would most likely approve as soon as January 2006, would not give federal recognition to any new or re-accreditations by the AALE until the AALE complies with federal requirements concerning student assessment. The federal agency currently accuses the AALE of a "lackadaisical approach to compliance."

 
At 4:10 PM, Blogger Kate said...

Wow, that is news!!!!

 

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