http://img.washingtonpost.com/rf/image_145x100/2010-2019/WashingtonPost/2013/05/11/Local/Images/howardgrad91368299957.jpgBy . 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.
The university leaders asked the president, in a letter dated July 30, to reverse a step the administration took in October 2011 to tighten underwriting standards for parent loans. Low-income parents shut out from federal financing, they said, would be unable to pay college bills, forcing many students to withdraw from school. More...