PLUS Loan Impact on HBCUs Leads Discussion Between Obama, Congressional Black Caucus

Courtesy: Politic365.com

Courtesy: Politic365.com

Members of the Congressional Black Caucus met with President Barack Obama yesterday to discuss several long-standing issues disparately facing black Americans. Voting rights, immigration and PLUS loan changes led the discussion between the black legislators and the president, in their first meeting in more than two years.

On the subject of PLUS Loans, several CBC members with HBCU ties stressed that the president communicated a genuine understanding of the dramatic financial impact eligibility changes to the loan program have created for historically black colleges. From the Huffington Post:

Rep. James Clyburn, D-S.C., said the president was very receptive to the issue that has affected so many families. “We are all concerned about that. I’ve had schools in my district that have loss 500 students,” he said.

Clyburn is a South Carolina State University alumnus and, along with Howard University alumnus Rep. Elijah Cummings, stressed the need for immediate action. From Politic365.com:

“Mr. President, if you’re going to look at these regulations, I beg you to do it with the urgency of now,” Rep. Elijah Cummings (D-MD) said he told President Obama yesterday on Parent PLUS loans.

 

 

 

 

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  • http://www.windycityjags.com DuWarn Porter

    I agree we are our own worst enemy sometimes. But in this case the Loan Policy does disporportionally affect students at HBCUs. Therefore it is a policy that must be reworked and something needs to be done. Anytime students are paying more for there education on top of the normal rising cost of a college education because of lack of action by congrees or the President, something must be done from a government standpoint. Remember the mortgage crises a few years ago and the Federal Bailout.

  • Marcel

    OK…I’ve reading on and on about these issues that HBCU’s and Black folk have with the President and these new policies. Why is it that we as a people have an issue with all these policies? When will we start staking responsibility for our own actions and stop blaming others for what WE haven’t done. Its so easy to point the fingers at others, but when we are our own worst enemy, we find it so easy to blame the most likely candidate. UGH!!!