Monday, August 20, 2018

Improving economy hinders SC's chances to borrow up to $1 billion for colleges By Andy Shain, Post and Courier

South Carolina has enough money to borrow more than $1 billion to construct new buildings and fix others on college campuses, but expected budget surpluses next year could dampen enthusiasm in the Legislature to pad the state’s credit card, university presidents were told Monday. Talk about the Legislature issuing the first bonds to pay to repair and replace aging college buildings since 2000 comes as university presidents are feuding with their regulators at the state Commission on Higher Education over rising costs. South Carolina college presidents say they need to raise tuition and boost enrollment because their schools get so little money from the Legislature. The commission thinks colleges should find ways to trim expenses and their own borrowing, especially since the number of high school graduates is dwindling. https://www.postandcourier.com/politics/improving-economy-hinders-sc-s-chances-to-borrow-up-to/article_f514dc4e-9cd5-11e8-8ebe-47657a2e3d90.html