"The university has operated at a deficit for nine of the last 10 years, according to a review of publicly available financial documents. During that time, Alderson Broaddus defaulted on a $37 million bond in 2015 and was placed on probation by its accreditor in 2019 due to its financial instability; that sanction was lifted in 2021. Amid its ongoing struggles, the university secured a much-needed $27.7 million loan from the U.S. Department of Agriculture in late 2018."
https://www.insidehighered.com/news/governance/executive-leadership/2023/07/31/west-virginia-governor-wants-save-alderson-broaddus