Title

Morris Brown Could Be Close to Deal on Debt

April 26, 2011
 

Morris Brown College and the U.S. Department of Education are on the verge of a deal that would forgive most of the college's $10 million debt to the government, the Associated Press reported. The debt stems from unused financial aid that was supposed to have been returned to the government. Morris Brown, a historically black institution, lost its accreditation in 2003, and now educates a small fraction of the students it once did. Resolving the federal debt issue is seen as a key step toward efforts to revive the college.

 
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