Black universities warn White House of 'devastating impact' of lending limits
WASHINGTON — The leaders of Morgan State, Bowie State, Howard and eight other historically black universities warned President Obama last month that new limits on federal lending to parents would produce a “devastating impact on student enrollment” in the coming school year.
Last week, Education Secretary Arne Duncan announced measures to help applicants who were rejected to secure parent loans through appeals. He pledged to open talks in the spring on possible revisions to lending regulations.
It is unclear whether those responses will suffice.
President David Wilson of Morgan State said the school expects to enroll as many as 300 fewer undergraduates in the fall than the school's target of 6,900, a drop he attributes largely to the parent loan issues.
Another educator who signed the letter to Obama said he was “totally unsatisfied” by the administration's response.
“At no point have they gone back to fix the initial problem,” said Carlton Brown, president of Clark Atlanta University.