SIU looks into interest rates for borrowing

OUEDRAOGO B. FREDERIC

SIU looks into interest rates for borrowing

By Ryan Voyles

Daily Egyptian
June 16, 2010

Short summary
In this article, the author talks about the current financial problem that SIU is facing now and the willingness expressed by its administration to borrow money. The idea suggested by the officials is to sell the debt of SIU in a financial market at an exchange rate that will be profitable to the institution. According to administrators, this will be the best solution to solve their financial crisis instead of counting on the state aids.

Issues
 Isn’t it a dangerous situation to borrow money from particular?
 Won’t this financial crisis impact the quality of the education at SIU?
 Is it really economic to wait for the exchange rate to be low before borrowing the money when we know that the fall semester is about to start?

Your opinion

In my opinion, SIU should adopt some policies in order to reduce its expenses rather than contracting other debts. This accumulation of debt might be the result of mismanagement and the problem will not end if they don’t find what goes wrong in the system. Some policies consisting of lessen or even suppress some irrelevant charges faced by the institution seem to be the best solution. For example, the refection of buildings, the construction of stadium should be stopped, and the administration should try as possibly as it can, to reach a certain level of energy efficiency as well.