Arkansas Higher Education Coordinating Board Approves Approves Funding Boost for Infrastructure Enhancements to Arkansas Colleges

The Arkansas Higher Education Coordinating Board has approved critical funding measures aimed at strengthening the educational experience for students at both National Park College in Hot Springs and Arkansas State University in Jonesboro, according to Arkansas Online.

Arkansas Higher Education Coordinating Board firmly stand behind this investment, emphasizing their dedication to the students and the acknowledgment of the dire need for housing at the college. (Arkansas Online)

Arkansas Higher Education Coordinating Board Approves Bond for National Park College

At National Park College, the pressing demand for additional housing facilities prompted President John Hogan to appeal to the board for support. Recognizing the urgency of the situation, the Arkansas Higher Education Coordinating Board has greenlit a substantial bond issue, not to exceed $6.675 million, with an interest rate capped at 6.7%.

This funding will be instrumental in constructing a state-of-the-art residential housing facility, providing comfortable accommodations for up to 180 students.

As the board focuses on meeting the needs of the students, they reiterate that “the need is there,” and the new housing facility is slated for completion by the fall of 2025.

Trustees firmly stand behind this investment, emphasizing their dedication to the students and the acknowledgment of the dire need for housing at the college.

READ ALSO: New Hampshire Rent Prices Increased By 11.4% Due To Shortage Of Rental Housing

Arkansas Higher Education Coordinating Board Granted Loan to Arkansas State University

Arkansas State University has also received immense support from the Arkansas Higher Education Coordinating Board.

A loan of $2.9 million at zero interest has been granted to fund vital campus-wide energy improvements.

These enhancements encompass essential infrastructure upgrades, including re-roofing and modernizing air handling systems in multiple existing buildings.

With the board’s backing, Arkansas State University can now move forward confidently, implementing sustainable measures that will undoubtedly have a lasting impact on campus life and the broader community.

In conclusion, the Arkansas Higher Education Coordinating Board’s recent decisions have brought about transformative changes for National Park College and Arkansas State University.

READ ALSO: Governor Kessler Signed LD 701 Bill: Landlords To Provide 75 Days Notice When Increasing Rent!