Financial Woes at South Carolina State University

scsu copyA report from the South Carolina Inspector General found that since 2007, South Carolina State University had diverted $6.5 million in state and federal funds earmarked for agriculture, youth and family development, and nutrition programs. The audit found that the university took unspent funds from these programs to pay for general university expenses.

The report found said that no fraud had been committed but called the practice “a pattern of mismanagement.” The report went on to say that the use of these funds for general operating expenses masked underlying financial problems at the university because operating deficits appeared smaller than they actually were. The Inspector General stated that the practice “was only a contributor and a symptom of a broader financial problem. SCSU’s current financial crisis has been in the making for a number of years.”

The university has agreed to repay the funds which will result in a total current deficit of $13.6 million. The operating deficit has resulted, at least in part, to a significant decline in enrollments at the historically Black university. In 2007, there were 4,900 students enrolled. Now there are 3,100.

The university has asked the state legislature to provide $13.6 million to end the current financial crisis.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Protests of a Different Color: HBCUs and the Student Protest Movements Against the War in the Middle East

Student protests concerning the Israel-Hamas war have been commonplace on the campuses of elite predominantly White colleges and universities. While not receiving a lot of publicity, HBCU students have not sat on the sidelines of the protest movement.

Higher Education Gifts or Grants of Interest to African Americans

Here is this week’s news of grants or gifts to historically Black colleges and universities or for programs of particular interest to African Americans in higher education.

Recent Books of Interest to African American Scholars

The Journal of Blacks in Higher Education regularly publishes a list of new books that may be of interest to our readers. The books included are on a wide variety of subjects and present many different points of view.

Online Articles That May Be of Interest to JBHE Readers

Each week, JBHE will provide links to online articles that may be of interest to our readers. Here are this week’s selections.

Featured Jobs