Tulsa Word: ORU in debt $52.5 million
The regents chairman says the board is working to reduce it.
Oral Roberts University is $52.5 million in debt — an amount on the decline but a burden keeping the college from improving its campus, university representatives said Wednesday.
The debt accumulated from “years and years and years and years of . . . borrowing,” said board of regents Chairman George Pearsons, who still was gathering information on the sources of debt.
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