Are historically black colleges acutely feeling the pain of the economic downturn?
On One Hand: Historically Black Colleges Feel the SqueezeHistorically black colleges are in the middle of their own economic slump. As a side effect of the recession, many students are holding off university plans. Historically black colleges depend on tuition more heavily than other universities because of fewer endowments, according to a New Orleans Times-Picayune article.. Stock market slumps have left those endowments more meager than ever, and fund-raising efforts have come up short.On the Other: Alumni Donations UpAlumni donations, especially from first-time givers, are on the rise, as former students of historically black colleges recognize their responsibilities to their alma matters, according to a New Orleans Times-Picayune article.
