HBCU Review: All 106 HBCUs Need Government Assistance
U.S. Education Secretary Arne Duncan Apologized for PLUS Loans
At the Education Department's annual HBCU Week conference, Secretary Arne Duncan apologized for the way his agency managed changes to student PLUS Loans. “I am not satisfied with the way we handled the updating and changes to the PLUS loan program,” Duncan said. HBCUs were hard hit by the new rules which tightened the eligibility requirements for PLUS loans in October 2011.