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I don't like to see any institution of higher learning struggling but to say Obama has failed young black men because the government has imposed stricter standards on its loan program in order to protect the public or any other of his policies is ridiculous. He hasn't failed me in the slightest, in fact his decision to keep pell running SAVED me and has allowed me to attend a great institution that has pretty decently ranked schools. I'd say that's a win in my book. Let's not make this a racial issue EVERY time Jesus.
Maybe finally time to take a critical look at the education experience offered at HBCUs. While every other college in GA, has upgraded and expanded (including private schools) in the last 15 years, Spelman, Morehouse, and the like have relied on tradition draw students
the government needs to bail out the college with $20-$30 million until the economy improves.
The "government," which raises money by confiscating it from producers, does not "need" to bail out these schools. The government has no legitimate business extending loans at below market rates to its favorites. Only a free market will set interest rates at a proper level to match risk (default, inflation...) with reward. If these schools can't raise funds to continue to operate they should go gently into the night, and turn out the lights.
I suspect that the long term trend disfavors these schools because the demographics to which they are historically geared now have money thrown at them by colleges with larger endowments so that those schools can crow about their student body ratios.
Upgrade the quality of and expand the number of students? You're joking, right?! Overall enrollment numbers have increased over the years and the end product continues to show that either they're getting top students or developing same! Both schools have a mission and they continue to strive to achieve it!! RE: "While every other college in GA, has upgraded and expanded (including private schools) in the last 15 years, Spelman, Morehouse, and the like have relied on tradition draw students"