Howard College Debt Less Than Five Thousand Dollars Per Student 10/31/13
October 31, 2013
Big Spring, Tx
According to a new website tellthetruthtexas.org, Howard College has about 21 million dollars in outstanding debt. That debt averages out to a little less than five thousand dollars per student. That number is much lower than some colleges in Texas with similar enrollment. Howard College officials say the debt is due to a bond that passed in 2007. They say the timing was “perfect” as construction prices began to rise shortly thereafter. Officials say as property valuations continue to rise in Big Spring they will be able to pay off debt in a timely fashion. The bond debt will not result in higher costs for students as it must be paid off by property taxes.