Struggling private Birmingham-Southern College in Alabama says it will close at end of May
- Birmingham-Southern College, a private liberal arts college, is closing in May due to financial issues and inability to secure a loan.
- The Birmingham City Council offered two $2.5 million loans to keep the college open, but the state did not provide the $30 million loan requested.
- Moody's Investors Service downgraded the college's bonds, impacting the institution and causing its closure.
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Leaning Left1Leaning Right2Center12Last Updated1 month agoBias Distribution80% Center