Rise to the Moment of Truth Saturday, May 25, 2024

Tag: BIRMINGHAM SOUTHERN

State Rep. Juandalynn Givan Alabama News
State Rep. Juandalynn Givan files distressed college loan program repeal after Birmingham-Southern closure

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.

Birmingham-Southern Alabama News
Phil Williams: Uncle Sugar

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 Alabama News
Birmingham-Southern seeking ‘smoothest possible transition’ after closure

Birmingham-Southern College will host meetings next week with students about transfer opportunities.

birmingham southern college Alabama News
Birmingham-Southern College to close in May after $30 million state loan stalls in House

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.

BSC Alabama News
$30 million Birmingham-Southern College loan bill passes Senate

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.

Birmingham-Southern College Alabama News
State Sen. Waggoner: Revised Birmingham-Southern College loan bill ‘hopefully’ up for Senate vote next week

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. 

Birmingham-Southern Alabama News
Birmingham-Southern College loan bill advances in Senate

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.

BSC Boozer Alabama News
New Birmingham-Southern College bill removes State Treasurer Young Boozer as loan administrator

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.

Mathews and Givan Alabama News
Black community activist calls out State Rep. Givan for ‘Alabackward’ speaking engagement at BSC

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.

Birmingham-Southern College Alabama News
United Methodist Church benefits fund approves $2.5 million investment in struggling Birmingham-Southern contingent on Birmingham City Council action

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. 

BSC Alabama News
Birmingham-Southern: State Treasurer Boozer ‘not factually accurate’ on $30 million state loan denial

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.”

Photo from Facebook Alabama News
Birmingham City Council officially elects new president, plans to investigate issues with previous results

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.

BSC Alabama News
Birmingham-Southern College will ‘likely’ close, have mass layoffs at end of fall semester without $30 million state loan, attorney says

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.

Edwards Bell Tower Birmingham Southern College Alabama News
State Treasurer Young Boozer requests AG’s opinion on constitutionality of distressed college loan program

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.

Edwards Bell Tower Birmingham Southern College Alabama News
Birmingham-Southern decides to remain open for fall semester as legislators consider giving a loan after being bearish on bailout

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. 

Photo from Birmingham Southern Colleges Facebook page Alabama News
Birmingham City Council debates pledging support for Birmingham-Southern bailout, delays decision to April

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. 

Photo from U S Rep Terri Sewells Facebook Alabama News
U.S. Rep. Sewell backs Birmingham-Southern bailout — Announces $500k award for financially beleaguered university

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.

Money, dollars, bills Alabama News
Omnibus bill sends $7.25 million in federal funds to four organizations in Jefferson County

Over $7 million from the new $1.7 trillion federal spending package is going to four projects in Jefferson County.