and Follow us on 
*In Atlanta, Morris Brown College is expected to settle nearly $10 million in debt for pennies on the dollar in an agreement pending with the U.S. Education Department, according to a letter obtained by The Associated Press.
In the April 7 letter, the Education Department said it will forgive more than $9.4 million in debt, provided Morris Brown pays the remaining $500,000. The deal would help the historically black institution overcome a major hurdle in its efforts to regain accreditation.
“We have been working on getting this debt addressed for a year,” said Morris Brown College President Stanley Pritchett. “This is a game-changer for the college. There are other financial challenges, but this will help to open the door … to resolving our other issues.”
Read/learn MORE at Google News.
One of my favorite high school teachers and a good friend graduated from MBC.
I hope MBC is able to negotiate this deal. It’d be a shame to lose another HBCU.
Do you like this comment?:
0 
0