The Board of Trustees at Saint Augustine’s University (SAU) acknowledges and appreciates the concerns raised by the community regarding our loan agreement with Gothic Ventures. We want to assure all stakeholders that while one financial institution has recently raised objections, Gothic Ventures stepped in to provide crucial support when other lenders declined to engage with SAU, despite our ongoing efforts since February 7, 2024, to secure alternative funding.

The Board remains in constant communication with Gothic Ventures to ensure the terms of the agreement are in the best interest of our university. We are fully committed to exploring all avenues that will secure a sustainable financial future for SAU.

In this pivotal moment, we call on all alumni, faculty, staff, and supporters to stand together as we work toward a stronger future for Saint Augustine’s University. With unity and collaboration, we can overcome challenges and continue to advance the mission of our institution.

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