June 2002

Sherman College Pays Off Mortgage

Spartanburg, S.C. - Sherman College is now a mortgage-free campus. "Sherman College has reached a significant milestone in becoming a debt-free campus for the first time since it was founded in 1973," said the college's president, Jerry Hardee. "Becoming a debt-free campus will enable us to launch a multi-million-dollar fund-raising campaign that will further ensure our future."

The college began a mortgage fund-raising campaign earlier this year and raised the $210,000 necessary to retire the mortgage.

"Reaching this goal will bring a higher level of stability to the institution and allow the college to utilize more of its assets to continue strengthening its programs and position within the chiropractic profession," said Tim Revels, the college's vice president for business and finance.

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