Endowment Guide

Luther growth: Short and long term, where do we go from here?

Date 11/2/2000 12:00 AM | Topic: News

Endowment Policy Editors' Note: This article is the fourth and final in the series that examines how the continued increase in enrollment impacts the Luther community. The focus of this article is on admissions and sense of community.

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Selling Endowment Since 1997 Luther has added 210 students to its population, a growth rate exceeding the recommended one percent each year. The trends force the school to examine housing options, utilization of classroom spaces and discuss optimum class size. This leads some students to ask why Luther continues to admit so many people to Luther.

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Endowment Mis Selling "It is not a simple process," said Jon Lund, vice president for enrollment and marketing. "Admissions sets a target number of students to enroll at Luther, but you always accept more than you want because some admitted students will not enroll here."

A type of mortgage where your payments cover the interest cost only. You need to take out an Endowment Policy to pay off the loan at the end of its term. Endowment policy term investment plan (usually investing in the stock market), which also includes life insurance cover so that if you die during the plan, your successors get a guaranteed payout. Often used to repay mortgages at the end of their term. The final payout is usually not guaranteed

Selling Endowment Policy According to Lund, the target is set in early October and is based on the shape of the first-year class, the predicted percentage of returning students, and the size of the graduating class.

These quick fix diets are meant to be followed short term, but are not recommended for long term results.

Endowment Fund "There is a tension between the number of first-year students to recruit and the retention rate," Lund said.

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Lilly Endowment The situation is further complicated by the fact that, according to President Torgerson and Lund, Luther's main source of revenue is tuition. Luther needs to have enough students enrolled to cover many of the costs the college incurs.

Endowment Mortgage Uk "If we err, we err on the high side," Lund said.

Endowment Plan Mortgage Because growth and funding are closely linked, Luther faces the challenge of how to maintain its community while making economic ends meet.

Endowment Mortgage Complain One way is to increase the college's endowment, said President Richard Torgerson. If the college was more dependent on the endowment, that would give the college more flexibility in choosing the rate of growth. Torgerson said the college currently has a goal to increase endowment from $65 million to $100 million by the year 2005.

Sell Endowment "Another way to grow without impacting facilities would be having more students study abroad," said Torgerson.

Endowment Mortgage President Torgerson has initiated a task force to look into the issue of enrollment. The task force is examining three possible options for growth over the next 8-10 years: no growth (0 percent), maintaining current growth (1 percent each year), or increasing growth (2 percent each year).

Endowment Funds The group will report to the president in April, with the Board of Regents making a decision on growth next fall.

Sell Endowment Policy Luther students have varied views on growth.

College Endowment "Because we have been missing the target perhaps we should raise admissions standards," said Jacob Egge ('01).

Endowment Mortgage Plan According to Lund and the Office of Admissions, the school will likely admit students who earned a 21 on the ACT and are in the top half of their class.

Modified Endowment Contract Another concern is space.

Endowment Surrender "Physical location does affect community perceptions," said Egge.

Traded Endowment Policy Baker Village is removed just enough from the rest of campus that some students do not come back to campus in the evenings, believes Egge.

University Endowment Some students express an appreciation for the sense of community at Luther.

Endowment Shortfall "I can sense it," said Mike Petersen ('04), "but what exactly it is, I'm still trying to figure out."

Traded Endowment Students like Erin Cenefelt ('01) said the size of the school played a role in their decision to come to Luther.

Duke Endowment In conclusion, it is not easy to put a finger on what elements of community will be harmed by continuing growth.

Endowment Buyer Cenefelt asks, "What do we mean by sense of community?"

Endowment Claim --

National Endowment For Ryan Brown
Chips Staff Writer

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