Alabama A&M University Refinances Its Debt

Alabama A&M University has concluded a major agreement with the U.S. Department of Education that is designed to help the university’s financial outlook. Under the agreement, $65 million in debt will be refinanced that will save the university about $400,000 a year.

The agreement also includes a new $30 million loan that will be used to construct a new 500-bed residence hall and to renovate several buildings on campus. The loan is the largest in the history of the HBCU Capital Financing Program.

Andrew Hugine Jr. stated that the “financing we have secured will give us the means to house and educate our ever-growing student body.” Alabama State has seen a 44 percent increase in first-year student enrollments since 2012 and a 45 percent increase in graduate enrollments over the same period.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

In Memoriam: O. Jerome Green, 1954-2024

President of historically Black Shorter College O. Jerome Green passed way unexpectedly on April 8. Since he became president in 2012, the college has experienced record-breaking enrollment and graduation rates, created new academic programs, and established the STEM Center for Academic Excellence.

Federal Report Uncovers Lack of Faculty Diversity and Delay in Federal Discrimination Complaint Processing

In addition to a lack of diversity in higher education faculty, the report revealed a frequent delay by the Department of Education when referring discrimination complaints to the Equal Employment Opportunity Commission.

Christopher Span Appointed Dean of Rutgers University Graduate School of Education

Dr. Span, professor of education policy, organization, and leadership at the University of Illinois, is a scholar of African American educational history. He has experience in both academic and administrative leadership positions.

Lingering Mistrust From Tuskegee Syphilis Study Connected to COVID-19 Vaccine Reluctance

African Americans who lived within 750 miles of Tuskegee, Alabama, were more reluctant to receive the COVID-19 vaccine than their White neighbors, as well as Black Americans from other United States regions. The authors attribute this finding to lingering mistrust of public health services as a result of the Tuskegee Syphilis Study which ran from the 1930s to 1972.

Featured Jobs