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Andquot;MBNA Americaandquot;), and The Lutheran University Association Inc

Andquot;MBNA Americaandquot;), and The Lutheran University Association Inc 2025

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This document outlines an agreement between MBNA America Bank and Valparaiso University regarding the provision of financial services, specifically an affinity credit card program. It details definitions, rights, responsibilities, royalty arrangements, confidentiality, and terms of the agreement. The agreement is structured to ensure that Valparaiso University exclusively endorses MBNA's financial services while receiving royalties based on card account activity. The document also includes provisions for amendments and extensions of the agreement, as well as termination clauses.

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Is Valparaiso University in financial trouble?

The Financial Strain Behind the Sale Undergraduate enrollment has fallen 29% since 2016, dropping from 3,299 to 2,355 students by 2023. With 70% of its operating revenue tied to tuition, the university faces a precarious balance between maintaining academic quality and covering expenses.

Who owns Valparaiso University?

In July 1925, the Lutheran University Association, affiliated with the Lutheran ChurchMissouri Synod, took over ownership of the school.

How prestigious is Valparaiso University?

Valparaiso University is ranked #204 out of 436 National Universities. Schools are ranked ing to their performance across a set of widely accepted indicators of excellence.

Is Valparaiso University public or private?

Valparaiso University is a private institution that was founded in 1859. It has a total undergraduate enrollment of 2,258 (fall 2023), its setting is city, and the campus size is 350 acres.

What is the Valparaiso University scandal?

Background. In early 2023, university president Padilla argued that the universitys declining enrollment and financial situation necessitated the sale of three paintings from the permanent Brauer Museum of Art collection. Padilla also threatened to cut additional programs and positions.