Although we have experienced challenges, as Shaw Bears we have triumphed over that adversity, and now we celebrate the victory. It is my pleasure to present the 2009-2011 Shaw University President’s Report.
When I assumed the position of interim president in June 2009, the University was in dire straits, and some were prepared to write our obituary. Since then, we have stabilized our financial state by securing a $31.1 million-dollar federal loan, by restructuring and refinancing the University’s debt, by balancing the budget, and by increasing our financial responsibility composite score. During this period, we have also tightened our belt, lived within our means, and managed the University within the parameters of our resources.
In addition, during the fall 2010 semester, the University enrolled 759 freshman students—the largest freshman class in the Institution’s history—and overall student enrollment increased from 2507 to 2711.