During the 2012-2013 academic year over 14,000 students at Historically Black Colleges and Universities (HBCUs) were denied aid from the Parent PLUS Loan. As a result HBCUs experienced a $160 million decrease in institutional revenue.
This event is characterized as one of the worst HBCUs face. In response organizations such as the United Negro College Fund (UNCF), National Association for Equal Opportunity in Higher Education (NAFEO), and Thurgood Marshall College Fund are working diligently to address these financial difficulties.
Take a glimpse of President William R. Harvey of Hampton University and Chair of President Obama’s Board of Advisors on HBCUs, address on the current financial barriers HBCUs face and recommendation to work with the federal government to overcome these setbacks.