Boarding Academy Shuts Down
Mount Vernon Academy, Ohio
January 16, 2015
http://www.adventistreview.org/church-news/threatened-closure-of-adventist-academy-serves-as-a-wake-up-call#.VLqqezd4A5Q.hotmail
http://www.columbiaunionvisitor.com/constituents-approve-recommendation-to-sell-mount-vernon-academy/
http://www.mvacademy.org/

God says:

Testimonies for the Church, Vol. 5, p. 156
All schools among us will soon be closed up. How much more might have been done had men obeyed the requirements of Christ ... The Lord would have distinguished us with His blessing even before the eyes of the world.

Counsels on Stewardship, p. 271
God help the managers of our schools never to allow the outgo to exceed the income, if the school has to be closed. There has not been the talent that is needed in the management of our schools financially. These things God will require of the managers. Every needless, expensive habit is to be laid aside, every unnecessary indulgence cut away. When the principles so manifestly indicated by the word of God to all schools, are taken hold of as earnestly as they should be, the debts will not accumulate.

Testimonies for the Church, Vol. 6, p. 209
If our schools are conducted on right lines, debts will not be piling up ...  Self-denial is essential. ... As individuals and as managers of the Lord's institutions we shall necessarily have to cut away everything intended for display and bring our expenses within the narrow compass of our income.

Ernie’s dream: Come Aside and Unify

The treasurer ... remarks about the many bills, outstanding loans, and creditors who are requesting their money. He mentions that there is no way to provide the funds that are needed, because they owe so much.

Conclusion:
We have been told to establish simple schools in the country where the students can work on the farm, learn to grow food, and help pay their own way. However, when schools are mismanaged and/or strive to outdo each other in providing non-essentials, education costs escalate. This makes it very difficult for families to send their children to Seventh-day Adventist schools; enrollment drops, and the schools must close.