After months of closure discussions, the Board of Trustees voted to keep the college open. Now a financial lifeline may come in the form of a state loan. For months Birmingham-Southern College officials have warned of almost certain closure if the college does not receive a financial lifeline from Alabama lawmakers. But despite those warnings, the college’s Board of Trustees voted unanimously on April 5 to keep the private institution open, signaling either an act of faith or confidence in public officials.