California Lutheran University

the mid-1960s, the WASC Accrediting Committee had expressed concern over indebtedness in excess of $1,731,000 and a deficit in current funds of over $350,000. President Olson inherited the debt, and further deficit budgets during his tenure added to the college's indebtedness. Donations and grants were insufficient to balance the budget, and the board of regents complained they had difficulty getting exact amounts on income versus expenditures. In spite of its economic turmoil, the college grew in number of students, academic reputation, and in number of faculty members. In the fall of 1963, the college had 550 students and in 1964 reached a total of 736 students, originating from 24 U.S. states, Sweden, and China. Although Lutherans still made up a majority of 78%, seventeen other denominations were also represented at the college. The percentage of Lutheran faculty and administration workers was 69 percent. From 1963 to 1966, full-time faculty grew from 38 to 69 persons, where Methodists and Presbyterians were …