Well renowned in the world of economy, Julianne Malveaux is stepping down in May from her post as president of Bennett College in Greensboro, North Carolina. The prolific writer and regular pundit on political shows took over the HBCU as president in 2007 during a period of economic turmoil for the school. “Five years is the longest time I’ve ever held a job in my life,” Malveaux said in a statement. “And while I remain committed to HBCUs and the compelling cause of access in higher education, I will actualize that commitment, now, in other arenas.”
The Commission on Colleges of the Southern Association of Colleges and Schools (SACS) placed Bennett on probation in June 2011 for “financial instability.” Malveaux told Inside Higher Ed last year that the sanction was came amid a period of “unprecedented expansion,” and expressed disappointment that “SACS has chosen to place us on probation for several one-time occurrences that placed us in a difficult financial position in 2010.”
While we wish Julianne Malveaux much continued success in her endeavors. The question is are historically black colleges and university able to stay afloat as more students incur debts from student loans? If so, who will be there to help educate the youth on financial matters such as these?