Too Much Truth Recap: Are Our HBCU’s Pricing Themselves OUT Of Business?

October 22, 2012 7:25 PM
Too Much Truth Recap: Are Our HBCU’s Pricing Themselves OUT Of Business?
" Today on TMT we talked about the current Financial issues of Morehouse College. According to the ajc ,

Morehouse College says it will furlough faculty and staff and make other budget cuts because of a drop in enrollment.

The Atlanta college is teaching 2,360 students — about 125 fewer than projected, Interim Provost Willis Sheftall said Thursday. He attributed the drop to the sluggish economy and changes to a federal loan program that has led to enrollment declines at historically black colleges around the country.

Normally about 8 percent of Morehouse students who pay a deposit to attend don’t enroll, but it doubled to 16 percent this year, in part because of the new loan rules.

“This is a challenge, no question about that,” Sheftall said. “But it is not a crisis.”

Colleges across the country have reported an increase in loan denials after the U.S. Department of Education tightened standards for the Parent Loan for Undergraduate Students. Prospective borrowers can’t have any defaults, foreclosures, bankruptcies, tax liens or wage garnishments within the past five years.

The department has said the tighter regulations protect taxpayer money and prevent people from accumulating debt they can’t afford.

Unlike other federal loans there is no cap for this program and parents can borrow enough money to pay the full cost for their children to attend college. Nearly 1 million families borrowed more than $10 billion last year. "

Click here to read the whole article

Google related News

Tuesday, October 23, 2012 by atlanta.cbslocal.com

Too Much Truth with Derrick Boazman ? CBS Atlanta

Weekdays 4pm ? 7pm News, Sports, Weather, Traffic and the Best of Atlanta.

Read more
Wednesday, December 31, 1969 by atlanta.cbslocal.com

Too Much Truth Recap: Why Is The Election So Close Between ...

Read more
Thursday, October 18, 2012 by atlanta.cbslocal.com

Too Much Truth Recap: Your Thoughts On Tuesday's Presidental ...

Just In case you missed the show today, Click the audio links to hear the ENTIRE show

Read more
Wednesday, December 31, 1969 by tunein.com

Listen to Too Much Truth online

Read more