Howard's President Steps Down Amid Tumult And Uncertainty

Sidney Ribeau's tenure saw the university's endowment recover from the 2008 downturn and its alumni giving rate quadruple. Tuesday, Sidney Ribeau, who'd been the university's president since 2008, announced he was stepping down but maintained that Howard was in solid shape. Besides the expected drop in student enrollment, the trustee pointed to the cumbersome operations of Howard University Hospital and the size of the university's payroll - "Approximately 5,000 employees to serve less than 10,000 students," she wrote. As my Code Switch teammate Hansi Lo Wang reported last week, new, stricter guidelines for PLUS loans have hit historically black colleges and universities - HBCUs - particularly hard, as they're more likely to have first-generation college students from low-income families who don't have other ways to pay.

Source: http://www.npr.org/blogs/codeswitch/2013/10/02/228497887/howards-president-steps-down-amid-tumult-and-uncertainty?ft=1&f=1013