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HOPE Makes Landmark Investment in Talladega College

  • Talladega College, located in Alabama, received a $15 million loan on April 10, 2025.
  • The college faced financial difficulties, including declining enrollment and rising expenses.
  • Talladega took actions like cutting sports and hiring a collection agency to address its financial struggles.
  • Interim President Kimbrough stated the college reduced bad debt from $1 million to under $100,000.
  • Hope Credit Union's CEO, Bill Bynum, said the loan will help Talladega improve its finances.
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The Conway Daily SunThe Conway Daily Sun
+25 Reposted by 25 other sources
Center

HOPE Makes Landmark Investment in Talladega College

Impact finance leader has supported 26 HBCUs across the Deep South

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Higher Ed DriveHigher Ed Drive
Center

Talladega College lands $15M loan as it cleans up its finances

Less than a year ago, the Alabama historically Black college struggled to make its payroll. Now it’s on stronger footing after making cuts, leaders say.

·United States
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Alabama LiveAlabama Live
Center

Struggling Alabama college makes announcement about its future

Talladega College also plans to announce its next president soon.

·Alabama, United States
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  • 71% of the sources are Center
71% Center
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Alabama Live broke the news in Alabama, United States on Thursday, April 10, 2025.
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