Ivey signs distressed college loan program bill into law, rescuing Birmingham Southern

Long-time colleges in Alabama can now secure state loans thanks to a new bill that was signed into law by Gov. Kay Ivey. It was an effort championed by Birmingham Southern College, which has struggled financially for years.

In December of 2022, Birmingham Southern sought a $37.5 million government bailout, warning it was under risk of closure after years of declining enrollment and financial troubles.

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