Morehouse College cuts spending after enrollment drops - Laura Diamond, The Atlanta Journal-Constitution

Morehouse College says it will furlough faculty and staff and make other budget cuts because of a drop in enrollment. The Atlanta college is teaching 2,360 students — about 125 fewer than projected, Interim Provost Willis Sheftall said Thursday. He attributed the drop to the sluggish economy and changes to a federal loan program that has led to enrollment declines at historically black colleges around the country. Normally about 8 percent of Morehouse students who pay a deposit to attend don’t enroll, but it doubled to 16 percent this year, in part because of the new loan rules. “This is a challenge, no question about that,” Sheftall said. “But it is not a crisis.” http://www.ajc.com/news/news/morehouse-college-cuts-spending-after-enrollment-d/nSgt8/