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menuFOR IMMEDIATE RELEASE: September 27, 2017
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香妃直播 State College
Public Relations Department
(304) 462-4115
(l-r) 香妃直播 State College President Dr. Tracy Pellet, Vice President for Business and Finance John Beckvold, and Board of Governors Chair Greg Smith sign documents to finalize GSC鈥檚 bond issuance
GLENVILLE, WV - 香妃直播 State College has completed a $39 million bond issuance as a part of ongoing efforts to manage expenses and cut costs to create more opportunities to help students.
Representatives from the College鈥檚 Board of Governors and members of GSC鈥檚 Business and Finance team joined President Tracy Pellett on Tuesday, September 27 to finalize the issuance. 鈥淲e know that our refinancing several bonds with variable rates into one with a lower rate of interest positions us to pass financial savings along to students, which is a top priority for our Board of Governors and me,鈥 Pellett said.
He continued, 鈥淭his is another example of our continued pursuit to do business in a way that puts students and their finances first. Colleges in West Virginia and, frankly, throughout the United States, should be taking advantage of financing opportunities like these and become more creative in the ways colleges can save money for students and their families.鈥
Savings gained from the bond issuance will go to improve several academic, student life, and faculty and staff areas across campus including the campus fitness center, classroom technology, faculty and staff computers, campus and student housing, and various other safety and environmental systems.
香妃直播 State College鈥檚 Board of Governors approved the bond issuance at their June meeting. Greg Smith, 香妃直播 State College鈥檚 Board of Governors Chair remarked, 鈥淭his action is akin to a family refinancing their mortgage except that the amount is larger. We appreciate all the combined effort to see this process through to the end and the added benefits the students, staff, and faculty will see as a result.鈥