HPU Expands Its Growth Plan To $2.1 Billion
HIGH POINT, N.C., Sept. 15, 2010 - At a meeting earlier today attended by university and community leaders, High Point University President Dr. Nido R. Qubein announced that the university would continue its commitment to extraordinary education and the community by expanding its transformational growth plan from $300 million to $2.1 billion over the next 10 years. The plan will include expansion of academic programs plus improvements in student housing, scholarships, student life, athletics, endowment, technology, and more.
The following breakdown of investment means increased jobs, greater economic impact on the region and significant changes through 2020:
- Academics: $600 million
- Housing: $300 million
- Student Life: $250 million
- Scholarships: $200 million
- Athletics: $200 million
- Endowment: $200 million
- Campus Improvements: $150 million
- Technology: $100 million
- Campus Expansion: $100 million
HPU has already transformed itself with a $300 million investment that has changed the face of the university. The campus has undergone major improvements in academics, student life, facilities, technology and scholarships that includes 28 new buildings, fountains, botanical gardens, laboratories, classrooms, learning centers and over 100 more campus innovations.
In the past year alone, HPU built the Nido R. Qubein School of Communication, the Plato S. Wilson School of Commerce, and the University Center. At the beginning of the fall 2010 semester students were introduced to North College Station - formerly the site of Wesleyan Arms - a new living community which features townhomes and apartments.
The extraordinary growth has resulted in astonishing figures. Since 2005, campus size has more than doubled, from 91 to 230 acres; traditional undergraduate enrollment has increased from 1,450 to 3,300; and the employee population increased from 462 to 879. The annual economic impact of the university is $415 million, and faculty, staff and students donate more than 30,000 hours of service to the community each year.
HPU has been moving up the ranks in national college and university lists, including US News and World Report, which ranks the university at No. 3 among Regional Colleges in the South; Forbes ranks HPU in the top 7 percent among America's Best Colleges; and Parade Magazine lists the university in the top 25 private schools in the nation.
The extensive growth, impressive figures and national rankings translate into a bright and successful future for HPU.
"Response from students, families, college counselors and national media has been so phenomenal that the High Point University Board of Trustees approved increasing the investment in this massive transformation from $300 million to $2.1 billion," Qubein says. "Our future is promising."
At High Point University, every student receives an extraordinary education in an inspiring environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with over 4,200 undergraduate and graduate students from 51 countries and 46 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report at No. 3 among Regional Colleges in the South. Forbes.com ranks HPU in the top 7 percent among "America's Best Colleges." Parade Magazine lists HPU in the top 25 private schools in the nation. The university offers 50 undergraduate majors, 42 undergraduate minors and seven graduate degree programs. It is accredited by the Commission of Colleges of the Southern Association of Colleges and Schools, and is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the Web at http://www.highpoint.edu/.
Vice President for Administration