FLORENCE — Heritage Christian University recently made its final payment on long-term debt and is now officially debt-free. HCU celebrated with a note-burning ceremony that eliminated the $2.1 million debt, much of which had been on the books since 2010 during the building new student dormitories.
HCU is a private, nonprofit higher education institution located on Helton Drive in Florence.
The university notes the support of donors as the reason for their ability to pay off debt. HCU President, Kirk Brothers, is excited what this will allow for the future of the university.
“Our ability to pay off the debt is symbolic of our goal to help students live without debt,” he stated. “It demonstrates to our donors that their support will now go toward present and future goals to fulfill our mission of the gospel, not past projects.”
HCU has provided a biblically based education for 50 years to students who desire to become proficient communicators of the gospel of Christ. HCU offers the following degrees: Associate of Arts in Biblical Studies, Bachelor of Arts in Biblical Studies, Master of Arts, Master of Ministry, and Master of Divinity.
Most ministry graduates are burdened with thousands in debt. HCU can offer affordable and effective degrees in biblical studies so their graduates can thrive in their ministries.
“We don’t have plans in place for any large expenditures, but as needs arise we are in a better position to raise or borrow money,” Brothers added.