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.
- A Historical Look at Student Debt
- Occupy movement proposes refusing to pay back loans
- How student debt became a focus of the presidential campaign
- U.S. charts new debt relief process with implications beyond Corinthian
- Student activists call for ‘debt strike’ against federal loans they incurred at the embattled Corinthian Colleges
Search for Jobs
Popular Job Categories