Morehouse College plans to furlough its faculty and staff for five days next semester.
It’s the consequence of fewer students enrolling this fall: 120 fewer than expected. It’s not that the students don’t want to attend Morehouse. It’s that they can’t get approval for their student loan applications.
The federal government has tightened student loan regulations. Morehouse President Robert Franklin acknowledges that historically black colleges and universities (HBCUs) have gotten hit hard.
He says the U.S. Department of Education is now working with Morehouse to help get some of those loans approved perhaps in time for spring semester.
And to cut costs, Franklin says the school is targeting budget items that don’t affect current personnel. Franklin gave examples such as “hiring freeze, eliminating and defunding vacant positions and trying to address this through fundraising,” adding that furloughs would be a last resort but an option he expects the college to have to exercise.