A private Alabama college is seeking a $37.5 million government bailout after years of deficits and declining enrollment, with state legislators warning that Birmngham-Southern College may close within months without the money
The 1,000-student institution in Birmingham released a statement Saturday calling the request part of a plan “to put the college on a sound financial footing for the long term.” Jefferson County state lawmakers are scheduled to discuss the proposal on Monday, AL.com reported.
