RICHMOND, Va. (WRIC) — A new state report shows that three Virginia universities are at “some risk” of not being able to operate in the future due to financial problems.
Virginia’s Joint Legislative Audit and Review Commission (JLARC) found that Virginia State University in Chesterfield County, The University of Mary Washington in Fredericksburg and Radford University in Radford all had “some” financial viability risks. However, that doesn’t mean they’re in immediate danger of closing.
“The Presidents of these institutions know this, they didn’t need all this, we needed it and they have taken steps to try and address the weaknesses so all of us are interested in their success,” said Delegate Mark Sickles (D-Fairfax) at a JLARC meeting on Oct. 8…