the college declared bankruptcy on June 15, 1934.
=== Transition to university ===
On October 9, 1991, High Point College was renamed to High Point University to reflect its expansion beyond a traditional college curriculum. In 2005, the university was 92 acres and landlocked with an undergraduate enrollment of 1,450. Its operating budget was $35 million with approximately 100 faculty members. Since Dr. Nido R. Qubein became president of High Point University in 2005, the growth of the university has had significant impact on the city, region and state. Qubein is the fourth highest-paid college president in the United States, paid $2.9 million a year.
Since 2005, High Point University has grown from three academic schools to fifteen: the Congdon School of Health Sciences, the Earl N. Phillips School of Business, the Wanek School of Natural Sciences, the David R. Hayworth School of Arts and Design, the Fred Wilson School of Pharmacy, the School of Optometry, the Webb School of Engineering, the David S. Congdon …
