Trinity Evangelical Divinity School (TEDS) has cut nearly $1 million in spending, hoping to head off financial disaster as the seminary’s enrollment numbers decline.
President Nicholas Perrin told faculty and staff on Thursday that the suburban Chicago seminary has to make some “pretty fundamental changes in how we go about our business plan and mission.”
Trinity International University (TIU)—which includes an undergraduate school with two campuses, a graduate school, and a law school, in addition to the influential evangelical seminary—is concluding the first part of a three-phase process of “creating efficiencies.”
The first phase is focused on the seminary. It