Katrina Loan Changes Mean Relief to HBCUs - Higher Education

Higher Education News and Jobs

Katrina Loan Changes Mean Relief to HBCUs

Email




by Associated Press

NEW ORLEANS — Three historically Black colleges and universities in New Orleans and one in Mississippi are getting relief from their federal loans taken after Hurricane Katrina.

U.S. Sen. Mary Landrieu says Dillard University, Xavier University and Southern University at New Orleans have received loan modifications that will save the schools more than $200 million. She says Tougaloo College in Mississippi has also received a modification that will save it an estimated $4 million.

Last week, Landrieu announced she added a measure to a 2012 spending bill that’s enabling the Department of Education to modify the loans so that the schools can take advantage of the current low interest rates. Landrieu says the schools have been paying off the loans, but have struggled as enrollment levels have yet to return to pre-Katrina levels.

RELATED ARTICLES >>
Northern Essex CC Combating Immigrant ‘Brain Waster’ Phenomenon The city of Lawrence, Mass., is home to highest concentration of Dominicans outside of New York City. Klinbert Garcia, a student at the local Northern Essex Community College (NECC), can attest to Lawrence’s uniquely Dominican character. “In New Y...
Johns Hopkins to Offer Dozens of Employees $36K to Buy Homes BALTIMORE ― Johns Hopkins University is offering dozens of its full-time employees $36,000 grants toward buying a house near its east Baltimore medical campus. Andy Frank, special adviser to the university’s president, says the grants, paid for by...
CEO of Harvard’s $37B Endowment Resigns for Personal Reasons CAMBRIDGE, Massachusetts ― The chief of Harvard University’s $37 billion endowment is resigning after less than two years at the helm. Harvard Management Company, the university’s investment arm, announced on Wednesday that President and CEO Steph...
Board of Metropolitan Community College Asks Chairman to Quit OMAHA, Neb. ― The board of a community college in Omaha has voted to ask its chairman to resign. The Metropolitan Community College Board of Governors voted 6-4 Tuesday night to ask Fred Conley to resign from his position as chairman of the board, t...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *