HBCU DIGEST: Several HBCUs placed on federal financial sanctions last fall, but context is key
A number of historically Black institutions were placed on financial sanctions last fall by the U.S. Department of Education, including one institution which has lost access to federal funding for student loans.
Students at Denmark Technical College can no longer receive federal aid to subsidize instruction costs at the school, according to federal database information. The historically Black two-year school in Denmark, SC has posted three consecutive years of graduates and former students defaulting on federal loans above the allowed one-year threshold of 40%.
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