By Meghan Cooke

When classes resume at Barber-Scotia College on Monday, about 50 students - a shadow of the college's former student population - will return to the historic campus.

Since losing its accreditation in 2004, the debt-plagued college near downtown Concord has struggled to regain its footing.

It's a disheartening cycle: Without accreditation, the school has fewer students, and fewer students mean less money for the college. The shortage of funds then becomes a barrier to paying off the debt that is preventing the college from receiving accreditation.

David Olah, president of Barber-Scotia, said debt caused by a $6.5 million loan for campus renovations must be addressed before the college can receive accreditation.

In May 2009, Olah announced a $10 million fundraising campaign, but so far the school has received only about $300,000.

"We're nowhere near what it would take," he said. "It's a drop in the bucket."

Read the full article on CharlotteObserver.com.
 

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