During President Stepp’s tenure, the endowment has increased from $12.2 million to $42.5 million. In recent years, the College has been featured in national media such as U.S. News & World Report as the top college in America for graduating students with the least amount of debt and Forbes Magazine as one of the 100 most financially fit colleges in America.
Over the past fifteen years, Alice Lloyd College has spent roughly $20 million on numerous major construction/renovation projects (not counting various other improvements) and technology upgrades. Some of these projects include restoration of two historic buildings, Cushing Hall and the Commodore Slone Building, renovation of men’s and women’s dormitories, major renovations to the Caney Cottage dormitory in Lexington, Kentucky, renovation of the McGaw Library and construction of a Center for Entrepreneurship and Collaborative Learning, and the expansion of recreational and athletic facilities. Additionally, construction is underway on a Campus Center Project, a nearly 20-million-dollar project to further develop and expand academic, recreational, and athletic facilities available to the ALC community.
President Stepp has also overseen the expansion of our business program to include majors in entrepreneurship and accounting, a minor in entrepreneurship and core concentrations in management, e-marketing, leadership, finance, healthcare administration, e-commerce, and management information systems, and has added majors in kinesiology, sociology, special education and a dual-degree in nursing.
Through all of this, the College remains debt-free.