Lawmakers are slated to deliberate this week on legislation to repeal the 2023 law creating a loan program for universities in financial straits after the law’s designed recipient, Birmingham Southern College (BSC), closed its doors for good.
I hate the idea of BSC going away. But I also hate that actions should have no consequences. Bad form should not be bailed out with our tax dollars.
Birmingham-Southern College will host meetings next week with students about transfer opportunities.
Birmingham-Southern College will shut down on May 31 after legislation to give the financially distressed college a $30 million loan stalled in the Alabama House.
A bill that would make another attempt at getting a $30 million loan to Birmingham-Southern College passed the Senate by a 22-5 margin on Tuesday night.
A bill that would make another attempt at getting a $30 million loan to Birmingham-Southern College (BSC) will likely be considered in the Senate next week.
A bill that would make another attempt at getting a $30 million loan to Birmingham-Southern College passed the Senate Education Budget Committee on Wednesday.
New legislation filed by State Sen. Jabo Waggoner (R-Vestavia Hills) on Tuesday would replace Alabama State Treasurer Young Boozer as the administrator of a $30 million loan program designed to bail out Birmingham-Southern College.
Birmingham-Southern College (BSC) is hosting the annual Dr. Martin Luther King Jr Unity Breakfast on January 15, 2024, and the guest speaker is catching some heat from a local community activist.
The North Alabama Conference of the United Methodist Church’s Board of Pension and Health Benefits approved an investment on Thursday in Birmingham-Southern College for $2.5 million in support of the College’s efforts to remain open as it continues to secure funds for its permanent endowment.
A Birmingham-Southern spokesperson restated their position that they should’ve been given a state loan in response to a statement over the weekend by Alabama State Treasurer Young Boozer calling them a “terrible credit risk.”
During a special meeting on Friday morning, Birmingham City Council members officially selected Darrell O’Quinn as their new president after the results of Tuesday’s election were called into question.
Birmingham-Southern College (BSC) will likely shut down at the end of the semester absent a court order forcing Alabama State Treasurer Young Boozer to issue the private school a $30 million state loan.
State Treasurer Young Boozer said on Friday he’s requested an opinion from the Alabama Attorney General’s Office about the constitutionality of the Distressed Institutions of Higher Education Revolving Loan Program recently passed by the legislature.
Financially distraught Birmingham Southern College (BSC) is staying open after its board unanimously voted not to close its doors Wednesday night, despite failing to obtain a bailout from taxpayers.
The Birmingham City Council is divided in its support for a Birmingham Southern College bailout, even as Gov. Kay Ivey, state legislators and a Jefferson County commissioner have already expressed disinterest in forking up money for the private school.
U.S. Rep. Terri Sewell (D-Birmingham) announced the award for financially struggling Birmingham-Southern College of $500,000 in federal money earlier this week for the school's "experiential learning and civic engagement student initiatives" and suggested that lawmakers should use public funds to bail out the private college.
Over $7 million from the new $1.7 trillion federal spending package is going to four projects in Jefferson County.