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In May 2012, Liberty University Chancellor and President Jerry Falwell Jr announced the school's intention to pursue NCAA Division I Football Bowl Subdivision ( FBS ) conference affiliation for all 20 varsity sports.

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In May 2012, Liberty University Chancellor and President Jerry Falwell Jr announced that the school's net assets are worth $ 1 billion, in part from the success of its online learning program and from accelerated facility expansion.

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