Columnist and Birmingham-Southern College alum WarOnDumb sat down with BSC president Daniel Coleman to dive into the origins of the college's financial problems, the potential solutions, misconceptions about the school and the ticking clock.
in how it calculated financial aid. Later disclosures and discoveries showed the colleges financial problem was messier than one mix up.
Krulak said he visited the college while passing through and fell in love with it on first sight. A diminutive, energetic man, Krulak’s experience as one of the country’s top military leaders inspired confidence among board members, and eventually faculty, students and alumni, too. The price reset attempted to win fans through truth in advertising, and while it grabbed a few headlines in education trade publications, it also had an unintended effect.
His out-of-nowhere arrival echoed that of Krulak and gave some assurance that someone with a record for business success was at the wheel.“We’re not going to grow our way out of this problem,” Coleman says. “We’ve got to fix the endowment.” Coleman started with U.S. Sen. Richard Shelby, who was gracious with his time but little else, Coleman says. These sorts of asks take years, he concedes, and the request came as Shelby was preparing to retire.Next, Coleman turned to the state. In the last two years, the state has received $2.1 billion from the federal government. At the same time, the state’s hot economy has left the Education Trust Fund with more than $2 billion in surplus on top of a record $8 billion education budget.
Look back in my college yearbooks and you’ll see mostly white faces, but like its campus, the college today looks much different today than it did then.
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