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Black colleges will fight cut to federal program

Source: google.com Posted By: Billy 5465 days ago

Leaders of historically black colleges say they'll fight a reduction in a federal program they call a financial lifeline at a time of economic distress for the schools and their students.

President Barack Obama's education budget, unveiled Thursday, included major spending increases in many areas — but didn't include an extra $85 million that black institutions have received annually for the past two years thanks to a 2007 change to the student loan laws.

That two-year-old program provided....

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