She noted that this figure will decline as:

  • Remaining scholarships and grants from multiple sources are applied, including:
  • 1890 and National 1890 scholarships
  • Thoroughbred Foundation endowments
  • HBCU Masters and Rosen scholarships
  • CHI nursing scholarships
  • Dual credit scholarships
  • Graduate assistantships
  • Approximately $1 million in balances are already covered by payment plans in which students are actively making installments.
  • Approximately $372,000 in anticipated aid (including federal work-study and Parent PLUS/alternative loans) will be disbursed as eligibility is confirmed.

After these adjustments, the university anticipates an ultimate outstanding balance of about $2.7 million for the term. By comparison, at the end of the prior year the university recorded approximately $1.9 million in uncollected student receivables, but with significantly fewer students enrolled. The average per-student balance has decreased from roughly $3,500 in the prior year to approximately $2,500 this year.

Dr. Mayberry explained:

  • For residential students, the university implemented a policy requiring payment or an approved plan prior to move-in, which has proven effective in reducing unpaid balances.
  • For commuter students, similar steps will be implemented prior to spring registration, including possible “lockout” holds after midterm for students who have not engaged in payment or aid processes but remain actively enrolled.
  • The university will continue to drop students who have not attended class, have made no payments, and have no aid in process, to avoid carrying balances for individuals who did not truly matriculate.

President Akakpo noted that an anonymous alumnus recently donated $21,000 to pay off selected student balances, and the recipients have been notified. He expressed gratitude for the gift and framed it as an example of how external support can directly impact student retention.

Regents encouraged continued efforts to:

  • Proactively guide students through scholarship applications, rather than waiting for them to seek help.
  • Use data and communication strategically to prevent students from being surprised by balances that later interrupt their enrollment.

16