From 1979 to the late 1980s, Falwell Sr. also headed the Moral Majority, a right-wing political organization.
The school changed its name to Liberty Baptist College in 1976. Officials said the change aimed to distance the school from the name Lynchburg, which is often mistakenly associated with lynching; co-founder Towns also said that Falwell Sr. wanted to use the name "Liberty" to ride the enthusiasm for the Bicentennial of the United States.
The name changed again in 1984, to Liberty University. In 1985, the university launched a distance-learning program by mailing VHS tapes to students; this was the forerunner to Liberty University's current online program. In 1987, Liberty University's 501(c)(3) tax-exempt status was formally recognized by the IRS.
In its early decades, the university was kept afloat financially by major donors. The university was placed on probation multiple times in the 1990s by the Southern Association of Colleges and Schools due to heavy debt loads. In 1990, the university's debt totaled …
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