Historically black colleges back of the bank

Jun 24, 2013 by

con artistTighter standards in a federal loan program have dealt a significant blow to Howard University and other historically black colleges and universities over the past year, curtailing funds for thousands of students and contributing in some places to a sudden decline in enrollment.

The change in federal lending to parents of college students had an acute impact at Howard, where finances are also under pressure from the federal budget sequester and expenses at its hospital. Howard President Sidney A. Ribeau announced budget cuts in January in response to shortages in revenue from tuition and other sources.

via Tighter federal lending standards yield turmoil for historically black colleges – The Washington Post.

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