Wednesday, February 15, 2023

Birmingham-Southern on ‘parallel tracks’ while it waits for word on public bailout - Rick Seltzer, Higher Ed Dive

Elected officials have been receptive enough to Birmingham-Southern College’s pleas for millions in public funding to keep it afloat that the nonprofit institution’s leaders have yet to pivot exclusively to wind-down plans. The college is still working with Alabama lawmakers about two months after it said it was seeking $37.5 million in public funding to help keep its doors open as it tries to raise money to dig out of a financial crisis. College leaders hope to know whether public money is on the way by the time the state Legislature convenes March 7, President Daniel Coleman wrote in a Friday letter addressed to college stakeholders.