Birmingham-Southern College ended last week with more optimism than it's had in a while, so much so that school officials told students to enroll in spring courses with full confidence the school will remain open, reports AL.com's Rebecca Griesbach.
Last month, with the private college facing financial ruin, Alabama State Treasurer Young Boozer turned down its $30 million loan application.
BSC might still get the help it says it needs, between private donors and last week's $2.5 million, one-year investment from the North Alabama Conference of the United Methodist Church.
Looking ahead, Birmingham Mayor Randall Woodfin plans to include support for BSC in a $5 million economic development plan he'll present to the city council Nov. 21. And there's a chance the Legislature could rewrite a loan law during the session so that BSC would clearly qualify.
School president Daniel Coleman said the school is still seeking donations and considering its options.
“We are making steady progress, and we will continue to fight for the future of this college,” he said.