Birmingham-Southern College in ‘financial distress,’ in danger of closing in 2023, lawmakers say

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Birmingham-Southern College in ‘financial distress,’ in danger of closing in 2023, lawmakers say
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In a letter to members of the Alabama Legislature, Sen. Jabo Waggoner and Rep. Jim Carns wrote: “Birmingham-Southern has been operating in financial distress for over a decade. Without support, it will not be able to continue to operate after May 2023.”

Birmingham-Southern College in Birmingham, Alabama. File photo. Ruth Serven Smith/AL.comBirmingham-Southern College, the liberal arts college whose roots date back to its charter as Southern University by the Alabama Legislature in 1856, is in danger of closing.

Birmingham-Southern President Daniel Coleman, according to the letter, is seeking $30 million in state funding for the private college - $12.5 million from funds provided by the American Rescue Plan Act and $17.5 million from the Education Trust Fund.“[T]his infusion will cover projected deficits through May 31, 2026,” the letter states.

Coleman, according to the letter, has secured about 400 private pledges totaling more than $45 million over the past 18 months.

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