South Carolina State University’s new chief financial officer is trying to work out payment plans on some of the school’s biggest bills.
The Times and Democrat of Orangeburg reports that Ed Patrick told trustees at a Thursday meeting that he is working on ideas to help the school pay off $23.5 million of debt.
Patrick says he is writing suggested terms to the state to pay off a $6 million loan that comes due in full on June 30. Patrick says he hopes to create a payment plan to spread the debt out over a number of years.
The state has put off decision on whether to extend the loan.
Patrick says he is also working on payment plans with food vendor Sodexo and maintenance provider DTZ.
This article was originally published WLTX