- Associated Press - Monday, March 30, 2015

ORANGEBURG, S.C. (AP) - The trustees of financially troubled South Carolina State University have approved a plan for raising $20 million over three years.

The Times and Democrat of Orangeburg reports (https://bit.ly/1G9yfun ) trustees accepted the plan Monday.

They hope the school can launch the effort before a team from the Southern Association of Colleges and Schools visits the university in mid-April to gauge its progress. SC State’s accreditation has been on probation since last summer.

As of late February, the state’s only public historically black university owed more than $10 million on unpaid bills. Its debt to vendors and the state is expected to reach $23.5 million by mid-summer. Trustees have fired President Thomas Elzey. The Legislature could soon fire all trustees.

Last week, the acting president asked legislators to erase the school’s debt.



Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide