Saint Augustine’s University, a historically Black institution in Raleigh, North Carolina, has recently signed an agreement with Gothic Ventures that will provide the HBCU with the opportunity to receive up to $30 million in credit. The new collaboration will allow the university to alleviate short-term financial concerns and prepare for future operational success.
Initially, Saint Augustine’s University will be provided with $7 million from Gothic Ventures. This first wave of funding will assist with short-time cash flow concerns, support an external audit, settle outstanding employee salaries, refund student credit balances, and cover any outstanding operational expenses.
“The partnership with Gothic Ventures marks a pivotal moment for SAU as it embarks on a multi-year strategic plan to stabilize and grow the University,” said SAU Board of Trustees Chairman Brian Boulware. “This funding secures our immediate needs while allowing us to implement our long-term vision. We believe our partnership with Gothic Ventures will be crucial to our journey toward excellence.”
Brian Boulware and his appointed fraternity brothers on the Board of Trustees are no-reading morons. Gothic Ventures is clearly a fascist company that makes of a written point to take ALL the money they can from you. What other company has a Pre-Payment Penalty? That’s right. A pre-payment penalty. You pay all of your debt early, or in full, they charge you a hefty (huge) amount for doing so. This is stoopid! Sooo stoopid! Well, expect St. Aug to close to only Online classes with High School Teachers teaching. My Bachelor’s won’t be worth the dead trees it’s printed on. FIRE THE ST. AUG BOARD OF TRUSTEES. THEY GOTS TO GO.