cheyney university
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Pa. Agrees to a $30,000,000 Lifeline to Save the Nation’s Oldest HBCU
The Pennsylvania state university system has agreed to forgive $30 million in loans to Cheyney University, if it can maintain a balanced budget over the next four years, saving the struggling HBCU from closure. In a special meeting of the system’s board of governors on Tuesday, the body approved the debt forgiveness so that Cheyney—the…