Regent Struggling

Regent University is in serious financial trouble, but a cash infusion from Pat Robertson's Christian Broadcasting Network will help. Robertson serves as Regent's chancellor and president. He agreed to loosened restrictions on a $95-million gift CBN made to the university. Now the school can spend the money freely. Deficits were about 26% for the school between 2007 and 2009 and its endowment draw more than double the normal payout rate last year. Increased enrollment has helped the school is operating with only enough cash to keep it going for six days. Moody's Investment Services says the university will likely continue experiencing deficits.