Liberty University DigitalCommons@Liberty University 2007 -- 2008 Liberty University School Newspaper Fall 8-28-2007 08-28-07 (The Liberty Champion, Volume 25, Issue 1) Follow this and additional works at: http://digitalcommons.liberty.edu/paper_07_08 Recommended Citation "08-28-07 (The Liberty Champion, Volume 25, Issue 1)" (2007). 2007 -- 2008. Paper 3. http://digitalcommons.liberty.edu/paper_07_08/3 This Article is brought to you for free and open access by the Liberty University School Newspaper at DigitalCommons@Liberty University. It has been accepted for inclusion in 2007 -- 2008 by an authorized administrator of DigitalCommons@Liberty University. For more information, please contact
[email protected]. {BLOCK PARTY '07} <iee page Bl LIBERTY CHAMPIOverjaryN =( TUESDAY, August 28,2007 VOL 25 NO. 1Y Liberty is a debt-free institution for first time in history By Jennifer Schmidt in the Liberty Journal, Dr. Falwell's in the debt previously carried by the univer ASST. NEWS EDITOR surance policies totaled $34 million. sity has been entirely paid. From that money, $5 million was desig Dr. Ron Godwin, Executive Vice Pres For the first time in its short, 36-year- nated for Thomas Road Baptist Church ident, said, "We arrived at a debt-free old history, Liberty University is a debt- and $29 million was given to the univer status because of two things: the prior free institution. May 2007's passing of sity. Throughout the past 20 years, those management of debt reduction by, the Liberty's founder and Chancellor Dr. managing the financial health of the Chancellor and Vice Chancellor and the Jerry Falwell led to a great return on the university have been working to main life insurance received upon Dr.