S.C. State University will run out of money to pay its bills early next month, college president Thomas Elzey said Tuesday.
The 3,400-student Orangeburg school is working with vendors to buy extra time while it tries to work through a $13 million cash shortfall. The school could get some money from summer school tuition payments before July.
Elzey said he does not expect any interruption of campus services, including food, maintenance and cleaning.
The state’s only historically black public college has enough money to pay its 1,045 employees through the end of its June 30 fiscal year, Elzey said as S.C. State officials blanketed the State House on Tuesday to visit lawmakers.
Despite the immediate need to pay bills, state lawmakers are reluctant to hand S.C. State all the money needed to get the school out of its financial hole.