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Ave Maria Bankrolled Until 2017

The Ave Maria School of Law’s big move this summer from Michigan to Southwest Florida comes with a big promise.

Tom Monaghan, the law school’s founder, has pledged to cover future operating deficits at the law school through 2017, according to a December letter to Florida education officials.

That means Monaghan will have backed the law school financially for more than 17 years since its inception in 2000. He’s spent $56 million already to start and support the school, he said in the letter.

[Naples Daily News]

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