The President of Alabama A&M University has been noted by a national magazine for bringing about the fiscal health of his nearly 140-year-old institution. A recent DIVERSE publication sought a deeper understanding behind the trustees’ extension to 2017 of Dr. Andrew Hugine, Jr.’s contract.
AAMU and many of its sister historically black colleges and universities (HBCUs)
are experiencing financial difficulties, made even more critical by the tougher loan standards which resulted in the loss of millions in potential revenue to the schools.
Hugine noted that in 2009 AAMU was negatively impacted by a $10 million reduction in state funding, presidential turnover, deferred maintenance, and overstaffing. The article reported the steps taken to bring the University on stronger fiscal terms, including such measures as early retirement packages, outsourcing of certain units, and restructuring of tuition plans. The article further cited Hugine’s merging of five large colleges into four, the deletion and addition of programs, and his plan to build upon a slight enrollment uptick.
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