Education Dept forgives relief loans given to black colleges after hurricanes
“The Education Department is fully forgiving relief loans granted to four historically black colleges and universities (HBCUs) after Hurricanes Katrina and Rita in 2005, the department announced Wednesday. Dillard University, Xavier University, Southern University at New Orleans and Tougaloo College had all taken out more than $360 million in loans in 2007 to recover from the damage caused by the hurricanes.”