By 1925, the faculty numbered 25, and student enrollment had increased to 465. Finances had improved to the extent that, with significant volunteer help, the University was able to erect 12 new buildings by the end of the decade. New dormitories, classrooms, a library, a gymnasium, and Memorial Chapel were built. A school of education was added. A developing alumni base also started to support the University. By 1928, the University's endowment was $2.592 million, the fourth largest in the state and among the top ten percent of American universities.