We look forward to working with you to find an equitable and efficient way to address the concerns that led to the proposed credit policy changes in a way that moves the national education agenda forward while continuing to ensure the robust participation of our institutions and those we serve. Denying college access to thousands of qualified students because of a seemingly overly subjective snapshot of their parents' credit history during the worst economic recession since the Great Depression simply is not the way.

We will follow up with your office on Monday, October 15, to ascertain your willingness to proceed as requested and to ascertain the process for so doing.

On behalf of two- and four-year, private, public and land-grant HBCUs across the country, we thank you kindly for your direct involvement in this matter and for your willingness to consider a fair, equitable and expedited avenue for redress.

Sincerely,

Michael Lomax, Ph.D President & CEO, UNCF

Morgan Group

Dr. Norman C. Francis, Esquire Chairman UNCF Government Affairs President, Xavier University

Dr. David Swinton Chairman, UNCF Members President, Benedict College

Ostli Bostenville

Lezli Baskerville, Esquire President & CEO, NAFEO

Dr. Cleveland Sellers Member, UNCF PLUS Loan Committee President, Voorhees College

Claude N. Perkins

Dr. Claude Perkins

Member, UNCF PLUS Loan Committee President, Virginia Union University