Over the past several months a form has been circulating in the community among investors and alumni of Eastern Illinois University. This form was released by the Edward Jones' corporate office in Saint Louis, that says EIU is financially unstable. News Watch spoke with Eastern's Interim Vice President for Business Affairs Paul McCann. He says the document's release likely stems from an 86-million dollar university project. News Watch's Jesse Guinn reports. News Watch contacted Edward Jones for a statement, they said the reasoning behind the report ... is found on the form's Investment Summary section. They say it is due to above-average reliance on state funding they believe will be cut, a significant decline in enrollment, and a "lack of action by administrators to address its issues." While the four-page form is very in depth, Edward Jones officials declined to comment further on the matter.
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