We received news today that SB278 — which creates the Distressed Institutions of Higher Learning Revolving Loan Program — has become law after the approval of both chambers of the Alabama Legislature and the additional input of Gov. Kay Ivey. The legislation is designed to help Alabama colleges and universities, both public and private, overcome financial challenges so they can continue to serve the state of Alabama and its citizens. 

The next step for BSC is to work with the state treasurer on an agreement that, along with additional funding from local government entities, will provide much-needed resources while we re-launch a philanthropic campaign. That campaign aims to raise a total of $200 million, which will make the College financially stable and resilient for the long term.

While we work out the details, I am delighted to convey sincere thanks on behalf of the BSC community to everyone who became an advocate for the College, including many in legislative leadership who understood the contributions BSC makes to the economic and educational health of the state and its citizens.

We are especially grateful to Sen. Jabo Waggoner ’60, Sen. Rodger Smitherman, and Rep. Juandalynn Givan. Their leadership and commitment to ensuring that BSC be given an opportunity to endure made a significant difference in this effort.

I also want to thank each of you — students, alumni, parents, faculty, staff, and friends of BSC — for your tireless advocacy. There is no doubt that your efforts helped us reach this critical point.

We are already at work on the next phases of our endowment campaign. With pledges of nearly $46 million already committed, we are prepared to move forward to reach that goal.

Together, we will succeed.

Forward, Ever!

Daniel B. Coleman

President