HBCUs seek Obama’s help on parent loans

By Nick Anderson. 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...