Black Colleges Hit Particularly Hard by Downturn
February 19, 2009 | Read Time: 1 minute
The economic crisis is having a disproportionate impact on historically black colleges and universities relative to other institutions of higher learning, says The New York Times.
Smaller endowments and a higher ratio of disadvantaged students who now face a tighter credit market when seeking loans are making it especially tough for black colleges, the Times reports. Facing declining enrollment and large deficits, several of the nation’s most prestigious such institutions, including Spelman and Clark, in Atlanta, and Stillman College, in Tuscaloosa, Ala., have laid off staff members, cut salaries, or eliminated some classes.
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