Birmingham-Southern College, in Alabama, will close May 31, after a failed year-and-half campaign to secure $37.5 million in federal, state, county and city aid, college officials announced Tuesday. The financially distressed college got partway to that goal, and lawmakers tried to give it a second chance in the form of a $30 million state loan program. But the state’s treasurer denied #BirminghamSouthern’s loan application in October.
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Alabama’s treasurer denied the institution’s application for a $30 million loan last month, throwing its future into question.
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