|The Chapel of Mary and Joseph at W.J.U.|
Wheeling Jesuit University is the only Ohio Valley college that failed the U.S. Department of Education's 2009 financial responsibility test. According to the Chronicle of Higher Education, a total of 321 colleges failed the test. That number includes both nonprofit and for-profit colleges. More than 97 percent of students at WJU depend on financial aid to afford college, and that money comes from endowment's given to the university from alumni, board members and more. But, the downturn in the economy made it harder for people to donate money to the school. That is why WJU made the cut. "Our endowment is small. If the endowment is large, we take most of the financial aid packaging for students from the interest rate on the endowment. If we don't have a big endowment, then we use some our operating capital to do the same thing," Interim President of WJU Sister Francis Thrailkill said.
Link (here) to the full article at WTRF