By Christian LiautaudsPosted March 16, 2019 12:29:59A sale for Christian University, the world’s largest Christian university, has opened in Las Vegas, with a hefty price tag of $1.3 billion.
The university, which has more than 1,200 campuses across North America and is based in Chicago, has been seeking to sell for about $600 million in a sale that would give the college a bigger chunk of the $3.6 billion in debt.
Christian University has sold off the vast majority of its assets and has already secured financing to repay most of the debt.
The school has faced criticism from some lawmakers who have said it is not transparent and needs to be more transparent in its accounting.
The school has said the debt is owed to investors, but some analysts say it is unclear who those investors are.
Christian has been struggling with debt as it tries to recruit and retain faculty and students amid an economic downturn.
The university is a member of the Southern Baptist Convention, which advocates for Biblical literalism.