Biblical Recorder photo
WAKE FOREST, N.C. (BP) -- Responding to the economic downturn prompted by the COVID-19 pandemic, the executive committee of the board of trustees of Southeastern Baptist Theological Seminary approved a budget for 2020-21 that includes cuts of 3 percent, including staff salary reductions -- but also a 5 percent tuition reduction.
The decision was made during a virtual meeting Monday (June 15). During its spring meeting in April, the board of trustees voted to allow the final budget approval to be postponed in order for SEBTS officials to have a better understanding of the overall economic and enrollment impact of the pandemic. Read More