The nation’s oldest Historically Black University will stay open.

Cheyney University was struggling financially and even looking at the option of closing their doors when the state of Pennsylvania stepped in. The state has granted a $30 million loan forgiveness to the University if they can keep a balanced budget over the next four years.

According to The Root, a special meeting of the Pennsylvania State University board of governors on Tuesday approved this plan so that the HBCU can maintain its accreditation.

Cynthia D. Shapira, the chair of the governors in a statement said, “Cheyney University cannot survive without accreditation, period. And today’s serious actions give Cheyney the path forward.”

The University has until September 1, 2017, to submit a fiscal plan to the board. They have taken drastic steps in trying to close a $7 million dollar deficit in its current budget. They have cut more than 15 administrative positions as well as cutting academic programs that have not allowed students to finish out their degrees.

(Source: The Root)

(Photo Credit: Think Stock)

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7 thoughts on “Oldest HBCU Will Keep Its Doors Open

  1. Jennifer Matthews on said:

    Actually on my way home from this school. My son was invited by a football coach to tour and watch their first home football game against their rivalry team Lincoln University. During the tour we were told that the school bookstore had been closed along with other buildings. I must say its a beautiful campus but its so sad to hear about them losing so many programs, buildings and employees. But I will say there was alot of school spirit!! Hoping that things turn around for them!!

  2. Is the school accredited? If not, why would you send your kid there? I hope the school survives, but I wouldn’t waste my money sending my kid there. Employers pay close attention to the school you graduated from.

  3. My daughter attends this school and loves it! They are a small and seemingly forgotten school. We pay her tuition out of pocket because she loved the coach there and they had no scholarship money! They have one new nice dorm. The struggle is real, hopefully some celebrities will step up and help them! They are a bit disorganized, but understaffing will bring about those problems. It’s a small school and I think it would be worth the investment, but it needs to be invested in!

    • Dr. Larry on said:

      He already had their vote. No need to do anything for them if they keep giving their vote up blindly. The very definition of the Democratic plantation

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