Thursday, February 6, 2014

Howard University struggling as Funding minimum to none!


Howard University’s financial troubles have been detailed here and here, so as Dr. Wayne Frederick,

acting president of the historic university, prepares to blaze the path ahead, he has his hands full.
When the Obama administration began checking the last five years of a parent’s credit history—which spans the deepest  recession in modern history—for defaults, instead of just the last 90 days, as was previously the policy, the rug was pulled out from under HBCUs.
Why? HBCUs typically have a disproportionate number of poor students. So this policy change forced 28,000 HBCU students to drop out, at a cost of $150 million to HBCUs. Eighty nine percent of Howard University students receive financial aid. Add to that the fact that almost half of the students at all historically black colleges are the first in their family to attend college. READ MORE

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