“This is the worst situation I’ve seen in my 35 years as president. Some 14,000 HBCU students came to our campuses last year, learned that their Parent PLUS applications had been denied and were sent back home. If we just take that 14,000, multiply that by $12,000 — and tuition is much more than that, some is much lower. I took the figure of $12,000 — when you multiply that by 14,000 students — that’s a financial impact on our institutions of $168 million dollars. That’s a lot of money.”
“HBCUs lost literally millions of dollars in revenue. The impact at my own institution — Hampton University — was some $6 million dollars. Some of our schools may not be able to, or may not ever, recover. Some schools lost students to nearby community colleges.”
