Alabama A&M seeks loan to help with budget shortfalls - Trang Do, WAFF

With proration and employee layoffs, the economy has not been kind to Alabama schools. Alabama A&M University is looking into taking out a line of credit to help fill in budget shortfalls. The school's board of trustees approved the move at their meeting Friday. It's one of several things the university is doing to keep up in difficult times. A&M President Dr. Andrew Hugine is working with BB&T Bank to finalize it.