Morehouse College Under Financial Strain

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.

Newsletter

Sign up for the EBONY Newsletter

By subscribing, you agree to share your email address with EBONY to receive our weekly emails, events, and other updates. Please see our privacy policy for more information.

By subscribing, you agree to share your email address with EBONY to receive our weekly emails, events, and other updates. Please see our privacy policy for more information.

Newsletter

Sign up for the EBONY Newsletter

When you sign up for the EBONY newsletter, you’ll be the first to know about all the latest news and updates that are important to you. Gain access to exclusive interviews, videos, special events, and product giveaways delivered right to your inbox!

By subscribing, you agree to share your email address with EBONY to receive our weekly emails, events, and other updates. Please see our privacy policy for more information.