South Carolina State U Declares Financial Exigency

South Carolina State University's board on Wednesday declared financial exigency, potentially making it easier for the university to eliminate jobs of employees, including faculty members, the Associated Press reported. The university is $20 million in debt. The university received some good financial news Wednesday when a state board gave the university a five-year delay in repaying a $6 million loan. State leaders have repeatedly criticized the financial management of the historically black university. But its defenders have pointed to years of underfunding.