(Tim) A few news items related to the PCA's Covenant College. First, Inside Higher Ed ran an article a couple months ago titled "Broken Covenant" which reported on Covenant's financial crisis and the initiatives being planned by Covenant's administration in response to that crisis. Those initiatives include downsizing of academic programs and staff (labeled "right-sizing" by Covenant's President Nielson), along with spending $500,000 for a new building and to beef up athletics--both efforts to attract more students...
A key component of the athletic plan is Covenant's petition to the NCAA to move over from the NAIA to the NCAA's Division III.
More recently, Covenant's student paper reported the quite-costly move to Division III is likely. The newspaper also reports that, in the history of the school, there has never been a professor removed for doctrinal failure.

