Montreat will be fine. It's been 10 years since they had financial troubles and have had record enrollment in all but one year since, including this year. The gym was severely damaged but the rest of the campus buildings are fine and the roads leading into campus have already been made passable. Their track facility is located on a different property 2 miles from the main campus and it is in good shape. Once they can establish power and water back to the town, the college will resume operations.
Some of the other sports on campus were heavily affected due to the damage in the gym (volleyball, wrestling, basketball, etc) and will need to replace equipment, uniforms, etc. Anyone willing to lend financial support can do so at: www.montreat.edu/recovery