Some HBCUs Facing Closure
The recent announcement by Sweet Briar College to close shop has brought the spotlight firmly on the financial struggles of some institutions. Some Historically Black Universities and Colleges (HBCUs) are bound to close their doors soon due to financial struggles. They are on the threshold of financial collapse. There are various reasons for the financial decline at HBCUs.
Unequal government funding, declining enrollment and lack of good leadership are some of the reasons for the financial struggles. Despite declining enrollment, HBCUs have always offered an affordable and quality educational outlet for many minority students. About 11% of all African American college students are enrolled at a HBCU. With small liberal arts colleges and HBCUs facing financial problems and eventual closures, one wonders what the future holds for higher education as a whole.