By 1930 enrollment had increased to 371 students, but it fell to 185 by 1936 as the college was battered by the Great Depression and by charges from some of its Mennonite constituency that it promoted theological liberalism. In 1929, the college had a seemingly successful fundraising drive in an effort to increase its endowment to $500,000 and qualify for accreditation from the North Central Association. However, donors were unable to make good on their pledges after the stock market crash; the college failed to gain accreditation and fell into financial crisis.