Members of the Morehouse College 2002 graduating class

Morehouse College Under Financial Strain

An enrollment drop has forced the legendary college to cut spending

by Team Ebony, October 23, 2012

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Members of the Morehouse College 2002 graduating class

Members of the Morehouse College 2002 graduating class

Erik S. Lesser/Getty Images

Just a couple months after Morris Brown College in Atlanta filed for bankruptcy, Morehouse College is reportedly going through some money issues of its own.

The alma mater of Dr. Martin Luther King Jr., Samuel L. Jackson, Spike Lee, and many more has been forced cut spending and furlough staff members due to a drop in enrollment, according to the Atlanta Journal-Constitution.

“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,” reports the Journal-Constitution.

 
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