South Carolina Governor Nikki Haley has signed legislation that fired all of the trustees of historically Black South Carolina State University. The legislation calls for the appointment of seven interim board members who will oversee the university as it attempts to solve its financial crisis.
The seven new board members will be appointed by the Governor and Republican lawmakers and could meet as early as May 18. The legislation calls for the seven interim board members to serve until mid-2018.
The university has seen enrollment drop by 40 percent since 2007 and its debt is expected to grow to $23.5 million by the end of this academic year. The Southern Commission on Colleges and Schools placed the university on probation last June. The accrediting agency is expected to make a new assessment of the university’s status this June.
Interesting…