True World Intelligence News (TWIN)

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Obama Administration Loan Changes Cause Thousands of HBCU Students to Leave School

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Barack Obama

Barack Obama (Photo credit: jamesomalley)

President Barack Obama is facing a growing wave of criticism from those who feel that he has implemented policies that are designed to harm America’s historically-black colleges and universities (HBCUs).  The Obama Administration is facing the most criticism for changing the requirements for parents and students applying for PLUS loans to pay for their education.   Specifically, the new requirements look at five years of the applicant’s credit history, which is causing thousands of HBCU students to have to go home instead of finish school.

Brandon Brice at The Washington Times writes about the changes and questions the Obama Administration’s commitment to HBCUs:

 

Recently, the National Association for Equal Opportunity in Higher Education, the United Negro College Fund, the Thurgood Marshall College Fund and other HBCU advocates asked that President Obama and congressional leaders persuade the House and Senate to reconsider their position on PLUS loans reform, specifically focusing on the Higher Education Act. This legislation lays out direct guidelines for the distribution of student aid. Congress could choose to allow students loan eligibility despite past credit history. If Congress does nothing, then this legislation will have a drastic effect on black student applicants and the future economic sustainability of historically Black colleges.

 

Another change that advocates are requesting is an adjustment to the maximum income that a person could have in order to be eligible for a Pell Grant.  Advocates are calling for the limit to be increased to $32,000 instead of the new limit of $28,000.  When the limit was dropped, thousands of students were not able to receive the loans and pay for school.

Brice says that advocates for HBCUs are extremely disappointed in the US Department of Education for making these changes.

 

http://www.yourblackworld.net/2013/10/black-news/obama-administration-loan-changes-cause-thousands-of-hbcu-students-to-leave-school/

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Written by voiceoftruthusa

October 16, 2013 at 2:01 pm

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