indebtedness

ASU Enters Federal Program to Reduce Indebtedness

Alabama State University President Quinton T. Ross, Jr., signed an agreement on Monday (March 5) that refinances more than $137 million of the University’s existing debt from variable rates as high as 5.4 percent to a fixed rate of 2.9 percent. Ross met with officials of the United States Department of Education in Washington, D.C., to finalize the agreement which allows ASU…