“We sat silent and now our chickens have come home to roost.” Last Thursday, Alcorn State President Dr. M. Christopher Brown was interviewed by HBCUDigest.com on the Parent PLUS loan crisis. The number of loan denials skyrocketed last year after the Department of Education quietly changed the loan criteria. The change cost HBCUs $160 million. In 2011, the Department of Education decided to apply stricter credit criteria over a much longer period of time than was the case previously. Many students black and white were denied loans but historically black colleges and universities, given their smaller endowments and enrollments, were hit particularly hard.
The loan denial numbers are still coming in for this year. Recent numbers from the Department of Education reveal that 39,000 students were denied Parent PLUS loans over 5 months in 2013. President Brown and NAFEO’s Lezli Baskerville have been vocal in protest against the Obama Administration on this issue. The audio below of Brown is hot and speaks for itself. Brown is the second HBCU President to lambaste the Obama Administration.