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November 12, 2013

University of Montevallo receives upgraded rating from Standard & Poor’s

The University of Montevallo is pleased to announce that Standard and Poor’s Ratings Services has recently upgraded the long-term rating for the University from “A-” to “A,” and notes the outlook as stable. The upgraded rating comes at a time when state funding for public higher education has declined for a half decade, and so is not only impressive but also becomes doubly important in the University’s ability to utilize financial resources that will help meet the needs of its students – both present and future.

The ratings reflect S & P’s view when considering strong financial resources for the rating category, a moderate maximum annual debt service burden, good revenue diversity and a history of not only avoiding the use of reserves but also, in most cases, increasing them.

The report also cited increased demand and enrollment as a positive factor in its rating decision, noting that as the only public liberal-arts university in Alabama, Montevallo serves a niche market, with potential students exhibiting a degree of self-selection in their decision to apply. Freshman applications have increased by 22 percent during the last four years, and S & P noted that they consider tuition for a full-time, in-state student ($9,330 for the 2013-2014 academic year) very affordable.

“In a time of economic challenge when many colleges and universities are being downgraded, we are pleased to have received the upgrade,” stated DeAnna Smith, vice president for business affairs at UM. “I’m privileged to work with a campus community who are excellent stewards of University resources and have embraced our financial health goals. To be able to continue to offer the high-quality education for which Montevallo is known, while enduring the sharp reductions in state funding, and still be recognized for our financial health is gratifying.”

Press ReleasesMay 22, 2019

Outdoor Scholars Program receives funds to expand student opportunities

At the University of Montevallo President’s Outdoor Scholars end-of-year banquet on May 3, the Alabama Power Foundation and the Alabama Farmers Federation each donated $10,000 to the program. The money will be used to fund scholarships, environmental projects and experiential learning opportunities which are a core component of the President’s Outdoor Scholars Program. The Alabama Power Foundation’s […]

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Press ReleasesMay 21, 2019

Partnership provides valuable learning experiences to students and local bank

For more than a year, the University of Montevallo Stephens College of Business (SCOB) has partnered with Central State Bank (CSB) to provide marketing support. This partnership allowed the SCOB to broaden the practical educational opportunities for students, providing them access to real-world experiential learning opportunities. The collaboration began with Stephen Craft, dean of the […]

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Press ReleasesMay 14, 2019

University of Montevallo celebrates Spring Commencement 2019

See the full Spring Commencement photo gallery. The threat of inclement weather nearly relocated the Spring Commencement ceremony, held May 4, from Flowerhill to the Student Activity Center. Facility and Event Scheduling staff worked diligently to prepare both locations for the event. With slight alterations to the ceremony, the University pressed on with the event […]

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