Howard U. no longer under financial monitoring from the Dept. of Ed.
- Thread starter get these nets
- Start date
for years now I’ve been telling my fellow HBCUers that it doesn’t matter how much money our schools take in if we don’t deal with the biggest issue, which is theft from those at the top, because that’s all it is - theft. “Financial mismanagement” is just a pretty way of saying it. When I was at State we had professors who openly talked about it. Not callous in the least, I just don’t believe in bullshyttin.
i do too but it won’t matter. when millions can go missing and nobody can explain where or why the problems are much deeper than we know.
get these nets
Veteran
Bethune-Cookman receives a lifeline
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NCNW joins Bethune-Cookman University in $8M fundraising effort to save HBCU
by Tkeban X.T. Jahannes
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The National Council of Negro Women Inc. and Bethune-Cookman University have launched “Advancing the Legacy,” an awareness-building and fundraising initiative created to provide ongoing support of founder Mary McLeod Bethune’s lifelong mission to ensure access to higher education for African American students.
NCNW National Chair and President Johnnetta Cole, Ph.D., recently joined B-CU President E. LaBrent Chrite, Ph.D., to announce the initiative as an effort to protect Bethune’s vision and mission.
Bethune-Cookman University has achieved one-third of its $12 million campaign goal, with $8 million needed to close the gap in scholarship funding. The “Advancing the Legacy” campaign includes a digital element, asking advocates to make a financial contribution online at advancingthelegacy.com and share their support on social media using the hashtag #AdvancingBCU. All funds will be used to support students, reduce the cost of access and strengthen retention and graduation rates.
“We have accomplished so much over the past year in terms of preparing for B-CU’s future, and we just have one last bridge to cross,” Chrite said. “Everything we have done and will continue to do is intended to protect and advance Dr. Bethune’s legacy and ensure access to higher education for African American students.”
Cole added: “Dr. Bethune fearlessly and successfully surpassed countless obstacles faced by a Black woman who was raised by former slaves. Even during her childhood in South Carolina, she understood the power of education and made her life’s work to provide access to young Black men and women. She also understood the importance of empowering Black women, which is why she established the NCNW. B-CU and NCNW are forever connected by her vision and legacy.
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Johnnetta Cole used to be the president of Spelman, and is highly respected. Her being onboard should bring some accountability to how this fundraising effort goes and how the money is spent.
But there is no way I'd feel comfortable contributing to B-CU.
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Bethune-Cookman receives a lifeline
--------------------------------------------
NCNW joins Bethune-Cookman University in $8M fundraising effort to save HBCU
by Tkeban X.T. Jahannes
0
View Gallery
3 Photos
The National Council of Negro Women Inc. and Bethune-Cookman University have launched “Advancing the Legacy,” an awareness-building and fundraising initiative created to provide ongoing support of founder Mary McLeod Bethune’s lifelong mission to ensure access to higher education for African American students.
NCNW National Chair and President Johnnetta Cole, Ph.D., recently joined B-CU President E. LaBrent Chrite, Ph.D., to announce the initiative as an effort to protect Bethune’s vision and mission.
Bethune-Cookman University has achieved one-third of its $12 million campaign goal, with $8 million needed to close the gap in scholarship funding. The “Advancing the Legacy” campaign includes a digital element, asking advocates to make a financial contribution online at advancingthelegacy.com and share their support on social media using the hashtag #AdvancingBCU. All funds will be used to support students, reduce the cost of access and strengthen retention and graduation rates.
“We have accomplished so much over the past year in terms of preparing for B-CU’s future, and we just have one last bridge to cross,” Chrite said. “Everything we have done and will continue to do is intended to protect and advance Dr. Bethune’s legacy and ensure access to higher education for African American students.”
Cole added: “Dr. Bethune fearlessly and successfully surpassed countless obstacles faced by a Black woman who was raised by former slaves. Even during her childhood in South Carolina, she understood the power of education and made her life’s work to provide access to young Black men and women. She also understood the importance of empowering Black women, which is why she established the NCNW. B-CU and NCNW are forever connected by her vision and legacy.
-------------------------------------------------------
Johnnetta Cole used to the president of Spelman, and is highly respected. Her being onboard should bring some accountability to how this fundraising effort goes and how the money is spent.
But there is no way I'd feel comfortable contributing to B-CU.
not until i knew who was in charge of those funds. be about as wise as donating to umar.
GoAggieGo.
getting blitzed.
Yea, if they get bailed out now, how long before they face more financial troubles. No sense in wasting 8 mill if they’re going to be in trouble again in a year or two
get these nets
Veteran
Taken from another thread
Former Howard University Associate Director Pleads Guilty to Defrauding the School Out of More Than $100,000
Friday, July 24, 2020
WASHINGTON – Doemini Mosley, 35, of Washington, D.C., pled guilty today to defrauding Howard University out of more than $100,000, announced Acting U.S. Attorney Michael R. Sherwin and James A. Dawson, Special Agent in Charge of the Federal Bureau of Investigation’s (FBI) Washington Field Office Criminal Division.
Mosley pled guilty to one count of conspiracy to commit wire fraud, in violation of 18 U.S.C. § 371, in the U.S. District Court for the District of Columbia. Her co-conspirator, Brian Johnson, 35, of Washington, D.C., pled guilty last week to the same offense. The charge carries a statutory maximum sentence of five years in prison. Under federal sentencing guidelines, Mosley faces a potential recommended sentence of between 10 and 24 months in prison. The plea agreement calls for Mosley to pay $139,697.75 in restitution and $85,850 in a forfeiture money judgment.
get these nets
Veteran
UPDATE
Bethune-Cookman University celebrates after learning it will maintain accreditation
Sep 8, 2020
DAYTONA BEACH, Fla. —
Losing regional accreditation can represent a death blow to an institution and for two years, Bethune-Cookman University, among the most prominent historically black colleges and universities in the country, struggled to survive following a financial fallout that left it on probation.
The turnaround involved restructuring debt and reducing spending because the University's president says Bethune-Cookman could not be allowed to fail.
It was an uneasy time for students whose futures would be impacted by a degree from an accredited university. Nearly 2,900 students are currently enrolled, including Frankie Saulsby, whose parents graduated from B-CU.
"This was home and this is where I wanted to be so I'm just, a huge weight has been lifted off my shoulders. I'm relieved," Saulsbury said.
Retired judge Belvin Perry Jr. who serves as chairman of the university's board says though fundraising will be especially critical for B-CU, he believes its reaffirmed status is the beginning of a new chapter.
"It's a great institution. It has a great legacy and it's well worth the investment," Perry said.
Officials say that while maintaining accreditation was the single biggest hurdle, they are well aware of the many challenges yet in front of them.
Bethune-Cookman University celebrates after learning it will maintain accreditation
Sep 8, 2020
DAYTONA BEACH, Fla. —
Losing regional accreditation can represent a death blow to an institution and for two years, Bethune-Cookman University, among the most prominent historically black colleges and universities in the country, struggled to survive following a financial fallout that left it on probation.
The turnaround involved restructuring debt and reducing spending because the University's president says Bethune-Cookman could not be allowed to fail.
It was an uneasy time for students whose futures would be impacted by a degree from an accredited university. Nearly 2,900 students are currently enrolled, including Frankie Saulsby, whose parents graduated from B-CU.
"This was home and this is where I wanted to be so I'm just, a huge weight has been lifted off my shoulders. I'm relieved," Saulsbury said.
Retired judge Belvin Perry Jr. who serves as chairman of the university's board says though fundraising will be especially critical for B-CU, he believes its reaffirmed status is the beginning of a new chapter.
"It's a great institution. It has a great legacy and it's well worth the investment," Perry said.
Officials say that while maintaining accreditation was the single biggest hurdle, they are well aware of the many challenges yet in front of them.
Great to readUPDATE
Bethune-Cookman University celebrates after learning it will maintain accreditation
Sep 8, 2020
DAYTONA BEACH, Fla. —
Losing regional accreditation can represent a death blow to an institution and for two years, Bethune-Cookman University, among the most prominent historically black colleges and universities in the country, struggled to survive following a financial fallout that left it on probation.
The turnaround involved restructuring debt and reducing spending because the University's president says Bethune-Cookman could not be allowed to fail.
It was an uneasy time for students whose futures would be impacted by a degree from an accredited university. Nearly 2,900 students are currently enrolled, including Frankie Saulsby, whose parents graduated from B-CU.
"This was home and this is where I wanted to be so I'm just, a huge weight has been lifted off my shoulders. I'm relieved," Saulsbury said.
Retired judge Belvin Perry Jr. who serves as chairman of the university's board says though fundraising will be especially critical for B-CU, he believes its reaffirmed status is the beginning of a new chapter.
"It's a great institution. It has a great legacy and it's well worth the investment," Perry said.
Officials say that while maintaining accreditation was the single biggest hurdle, they are well aware of the many challenges yet in front of them.
get these nets
Veteran
Fisk University Probation Status Lifted
Sept 9, 2020
Fisk University Probation Status Lifted
NASHVILLE–Fisk University has received notification from Officials with the Southern Association of Colleges and Schools (Commission of Colleges), that its three-year process to settle its accreditation has concluded. Probation has officially been lifted.
According to Interim President Vann Newkirk, “This is a great day, and it would not have been possible without the dedication and hard work of the faculty, staff, students, alumni, and other supporters of the University. We also would like to thank members of the Commission for recognizing the strength of our finances, and the value of our educational product.” According to Frank Sims Chair of the Board of Trustees, “This exciting news is the product of a deliberate plan to build a sustainable and scalable business model for Fisk University. We have strengthened each of our major revenue streams, set fundraising records, grown enrollment, lowered the discount rate, improved the academic quality, strengthened our balance sheet and this SACS decision is a wonderful acknowledgment of Fisk’s outstanding progress.”
Fisk University was also granted permission to operate its first off-campus location in Clarksville, TN.
Fisk became the first historically black college to gain accreditation by the Southern Association of Colleges and Schools in 1930.
Sept 9, 2020
Fisk University Probation Status Lifted
NASHVILLE–Fisk University has received notification from Officials with the Southern Association of Colleges and Schools (Commission of Colleges), that its three-year process to settle its accreditation has concluded. Probation has officially been lifted.
According to Interim President Vann Newkirk, “This is a great day, and it would not have been possible without the dedication and hard work of the faculty, staff, students, alumni, and other supporters of the University. We also would like to thank members of the Commission for recognizing the strength of our finances, and the value of our educational product.” According to Frank Sims Chair of the Board of Trustees, “This exciting news is the product of a deliberate plan to build a sustainable and scalable business model for Fisk University. We have strengthened each of our major revenue streams, set fundraising records, grown enrollment, lowered the discount rate, improved the academic quality, strengthened our balance sheet and this SACS decision is a wonderful acknowledgment of Fisk’s outstanding progress.”
Fisk University was also granted permission to operate its first off-campus location in Clarksville, TN.
Fisk became the first historically black college to gain accreditation by the Southern Association of Colleges and Schools in 1930.
OfTheCross
Veteran
SAME ENERGY
THE FINANCIAL PROBLEMS WERE COVERED BY THE MAINSTREAM PRESS
https://www.washingtonpost.com/educ...on-department-puts-it-list-it-doesnt-want-be/
BUT WHEN THE SCHOOL CORRECTS THE PROBLEMS AND GETS THE RESTRICTIONS LIFTED, THAT DOESN'T MAKE THE NEWS
Howard Removed from HCM1 Status, Returned to Advanced Payment Method
By Donovan Thomas, News Editor
Photo courtesy of Getty Images
Howard University was returned to the advanced method of payment effective immediately on Dec. 17, 2019. Under this new method of payment, the university can now withdraw Title IV funds without approval from the Philadelphia School Participation Division. Howard University is no longer required to make disbursements to eligible students with institutional funds receiving funds from the Department of Education.
“We’ve been very diligent in partnering with the Department of Education to improve our Office of Financial Aid to more effectively administer aid and improve levels of service provided,” said President Wayne A. I. Frederick. “We will continue to work closely with the Department of Education and other entities to improve service and continue to provide the world-class education that our students deserve.”
An extensive program review of the university by the Department of Education began in April 2018. Later in August of 2018, the department placed Howard University on Heightened Cash Monitoring 2 status to examine the management of the institution’s financial aid. Howard University was later removed from the Heightened Cash Monitoring 2 (HCM2) method of payment and elevated to Heightened Cash Monitoring 1 (HCM1) on June 27, 2019.
The university has taken various efforts since April 2018 to improve the Office of Financial Aid. Some notable changes include the hiring of a Director of Financial Aid, Associate Provost for Enrollment Management and additional staffing in the Financial Aid Office.
The approval for all University grant awards is now handled by the Budget Office (for unrestricted institutional aid) and the Controller’s Office (for donor-directed aid) prior to being awarded by the Financial Aid Office. Additionally, a limited number of university officials have access to the Banner Financial Aid module. Lastly, Financial Aid Services, an outside firm, has undertaken a comprehensive range of tasks related to the improvement of Howard’s administration of financial aid.
“In alignment with our five-year strategic plan, our journey of continuous progress is well underway. Further improvements and enhancements continue to occur in our enrollment management area, which includes our financial aid office,” said Frederick. “This demonstrable success is testimony to the incredible leadership by senior members of my team and the Office of Financial Aid to quickly implement enhancements to move Howard Forward.”
Washington Post is considered the MSM, no?
get these nets
Veteran
The circulation of the Washington Post is among the top 5 for American newspapers. If that's not mainstream, then what is?
