Birmingham-Southern College to close its doors on May 31 after financial struggles
BSC has been a cornerstone in Birmingham for over 100 years, contributing significantly to the local economy.
Distressed Institutions of Higher Education
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See recent postsA deal that’s too good for Alabama to pass up
Birmingham-Southern generates $97.2 million each year in direct economic impact.
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Opinion
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See recent postsAlabama’s bailout for Birmingham-Southern sets risky precedent
The wisdom of such intervention is questionable at best and disastrous at worst.
State Treasurer’s office launches loan program to help distressed colleges
The bill came about in large part due to financial troubles at Birmingham Southern College.
Treasurer updates on Distressed Institutions of Higher Education Revolving Loan Program
Funding for the program of $30 million was appropriated during the 2023 regular session.
August 21, 2023