HBCU Howard U is going broke (as in really broke)

[Secure Da Bag]

Howard U has gotten on a special financial watchlist because it has made very bad financial investments. I know people who went to Howard and they said consistently that the Bursar and Financial aid departments were always a mess. And this was 20 years ago and hasn't changed.

Anyone else hear anything about this?

 

[Freedman]

I think it's because they had that little scandal

https://www.thecoli.com/threads/pos...a-million-dollar-embezzlement-scandal.619865/

 

[Doobie Doo]

Aye dude who was caught stealing received a judge's order to sell BUSSY until he makes up the difference

 

[Anerdyblackguy]

I don’t think they’ll go broke, but that Tyrone situation was brutal for them. This

 

[BruhManFromTheFifthFlo]

They got finessed out all their dough, that’s why

The finesse kid

 

[Booker T Garvey]

Yvette predicted this on her show months ago

Howard U has gotten on a special financial watchlist because it has made very bad financial investments. I know people who went to Howard and they said consistently that the Bursar and Financial aid departments were always a mess. And this was 20 years ago and hasn't changed.

Anyone else hear anything about this?

This is just about all HBCU’s though, it’s a running joke...one I attended was under investigation by the feds right as I got there

I’ve heard where entire financial aid staffs have been fired for stealing too

 

[Reece]

My teacher told me my senior year that she was retiring. It was right after President Ribeau retired and when I pressed her on it she said it was because she didn’t like the new guy that was brought in as President and that there was some stuff going on she didn’t approve of She was there like 25 years so I know it was reason to make her leave. They also got rid of a long tenured professor in the communications office two weeks back so there’s probably something shady going on at my alma mater

 

[Clark Griswold]

They got finessed out all their dough, that’s why

The finesse kid

 

[Akata Man Bromo]

Should be on sight

 

[Clark Griswold]

Who is that clown?

 

[CodeBlaMeVi]

What in the holy!?!?

Not Howard!!!

 

[invalid]

They got finessed out all their dough, that’s why

The finesse kid

Whatever happened to this whole situation? I never heard he was charged with anything.

 

[Anerdyblackguy]

Whatever happened to this whole situation? I never heard he was charged with anything.

He ended up graduating and that’s it .

 

[EndDomination]

They’re not going broke.
They’re not even in an academic emergency situation.
They’re in an institutional emergency situation, due to their poor record keeping, gaps in paperwork, suspicious activity (including the scandal) coupled with their yearly budget being so heavily intertwined w/ federal money.
Their outside budget and endowment are still massive.

I was almost a student in their law school and literally can confirm everything I say, down to who currently works in each office.

 

[newworldafro]

Real talk every HBCU needs some SuperDonors...not to be dependent on, but as like a financial guard when shiit starts getting funky.

Howard has a deep alumni who have 100s of millions collectively. Diddy need to be on Presidents speed dial, even though he didn't graduate from there.