NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com | ORU reduces debt below $1M
Associated Press - June 3, 2009 3:25 PM ET
TULSA, Okla. (AP) - Once more than $50 million in the red, Tulsa-based Oral Roberts University has whittled its debt load to just under $720,000.
School officials also announced Wednesday that more than $22 million had been raised through the school's Renewing the Vision matching gift campaign.
Nearly 16,000 donors gave to the campaign, the school reported.
The evangelical school is recovering from a 2007 financial scandal that spawned several lawsuits and led to the resignation of televangelist Richard Roberts as school president.
Roberts, son of school founder Oral Roberts, has denied wrongdoing.
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