Florida A&M University is dealing with a big drop in enrollment and a $6 million drop in tuition revenue for the second straight year. The reason: The Obama Administration’s change in “credit worthiness” for Parent PLUS loans.
FAMU’s interim President Larry Robinson, told first coast news that the change in credit standards, “sent shock waves through the HBCU community. Many of us have students who are in lower economic brackets and their families have a much more difficult time with credit.”
“The unofficial enrollment for the Fall 2013 semester is 10,786, down more than 1,250 from the previous year and about 2,500 fewer students than two years ago,” reported First Coast News today.
The Congressional Black Caucus and advocates for historically Black colleges and universities have been critical of the Obama Administration regarding Parent PLUS loans.