Economy hits historically black colleges hard - Sandra Endo, CNN

It's a familiar story at colleges across the country, especially at historically black colleges and universities where, in some cases, up to 95 percent of students rely on financial aid to fund their education. President Obama has increased Pell Grant funding to a maximum of $5,500 per student with stimulus and budget funds. But still, many black colleges expect enrollment rates to keep shrinking as families and students struggle in the economic downturn.