The State June 8, 2016 Gov. Haley signs loan forgiveness for SC State into law South Carolina State University is officially free of $12 million in state loans, but it must repay a separate, $6 million loan over the next 16 years. Gov. Nikki Haley signed the terms into law Tuesday without fanfare. The law forgives $8 million next year, then $2 million each in the following two years, provided SC State's finances keep improving. The university must make yearly payments of $355,000 on the other loan. State officials approved both loans in 2014. Lawmakers think erasing the debt will help the state's only public historically black university keep its accreditation. Read more here: http://www.thestate.com/news/politics-government/article82471732.html#storylink=cpy SANDRA M. PHOENIX Executive Director HBCU Library Alliance sphoenix@hbculibraries.org<mailto:sphoenix@hbculibraries.org> www.hbculibraries.org<http://www.hbculibraries.org/> 800-999-8558, ext. 4820 404-592-4820 Skype: sandra.phoenix1 Follow us on Facebook at https://www.facebook.com/hbculibraryalliance1/ Check out "PULSE!" The HBCU Library Alliance's News Source! - https://hbculibraryalliance.wordpress.com/ Register here http://hbculibraries.org/html/2016meeting-form.html for the October 10,11 Membership Meeting in Atlanta. [Sized Coming Soon]NEW DIGS!!!! The HBCU Library Alliance is relocating to the Atlanta University Center Woodruff Library. July 1st is target date for transition. Stay tuned!!! LYRASIS, Inc. 1438 West Peachtree NW Suite 150 Atlanta,GA 30309 Toll Free: 1.800.999.8558 (LYRASIS) Fax: 404.892.7879 www.lyrasis.org<http://www.lyrasis.org/> Honor the ancestors, honor the children.