Howard University in Financial Distress

cptofthehouse
Tue, 11 Jun 2013 11:29:39 +0000

"If Howard cannot keep its doors open I wonder how any other HBCU will be able to. "

HCBUs are not the only ones with these issues. There are schools out there, many of them that are pretty much discounting the tuition to practically everyone, and the official figures are really just window dressing to keep up with the crowd. Unlike the top schools that direct their discounts to those least able to pay, these schools find they HAVE to direct them to those most able to pay, since they can’t meet anyone’s full need and it has come down to how much money they can get out of their students.

I had predicted this would happen years ago, but expected it a lot sooner and more drastic. IMO, it’s the federal backing of student loans that are propping the existence of a lot of colleges. Pull that support, and we’ll see a mass falling of private schools that are in existence only because of those loans, and if parents ever get wise that they are not worth it, that house of cards will fall as well.