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Presidents of HBCUs had considered suing the Obama administration after more than 14,000 students were declined loans when the U.S. Department of Education changed its creditworthiness criterion to much more stringent standards without notification, costing them many millions in revenue. Calling it the “worst situation” in more than three decades, Historically Black Colleges and Universities…

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The U.S. Department of Education recently enacted much more stringent student loan requirements, dramatically impacting the ability of thousands of urban students to continue to attend Historically Black Colleges and Universities (HBCUs). More than 14,000 students were unable to continue with their higher educational aspirations because the new loans. Those applying for Parent PLUS loans…

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Across America, many historically black colleges and universities are having a rough time making it. The most recent added to this list is the historic Southern University in Baton Rouge, La. Still trying to recover from the impact of Hurricane Katrina, the campus is plagued with water-damaged and gutted buildings. Now the university has to…

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