Case Study: A Creative Approach to Financing Higher Education Company Overview: Lipscomb University’s Smart Growth Story: When Dr. L. Randolph Lowry became Lipscomb University President in 2005, he immediately found opportunities for growth, creativity and innovation. Lipscomb’s operating budget was close to $50 million when Lowry arrived. By 2015, it had grown to more than $150 million. The university has spent roughly $1 million each month on campus renovations over the last 10 years, such as a state-of-the-art nursing facility and updated student housing. Dr. Lowry’s vision for this university is in one word: bold. When he came in, he knew what he had to do. He’s made good on every promise and this university has never been the same since.” —SunTrust Senior Vice President,

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