Local congressman asking for help from the White House in studen - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Local congressman asking for help from the White House in student loan crisis

Posted: Updated:
CHARLOTTE, NC (WBTV) -

A rules change by the government is making Parents Plus loans harder to come by for many families across the country, and in the case of historically black colleges like Johnson C. Smith University the pain can felt across the board.

This morning the school's President Ronald Carter, along with North Carolina 12th district congressman Mel Watt and a number students spelled out both the plight and pain of this situation.

Higher credit scores are now being required before these loans approved.

By the numbers, more families are being denied.

When it comes to Historically Black Colleges and University's congressman Watt, says African American families are being declined 70 percent of the time.

Watt calls it disproportionate.

"We've appealed to the President to intervene in it, and pay personal attention to it, but right now it's having immediate consequences devastating consequences for our HCBU's," the congressman stated.

Since the news of the layoffs was announced, University President Ronald Carter also said it is also considering out sourcing a number of functions at the college.

The university said that because of tighter loan requirements enrollment dropped by more than four hundred over the last year to just over 18 hundred.

This year's 37 million dollar budget at JCSU has been trimmed by three million dollars.

Copyright 2013 WBTV. All rights reserved.

Powered by WorldNow

918 Frontage Road East
Myrtle Beach, SC 29577
(843) 839-9623
news@wmbfnews.com

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WMBF. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.