Top black college to cut costs, shift money to student aid

ATLANTA (AP) — One of the nation’s top historically black colleges is cutting employee salaries and retirement contributions to increase student aid.
The announcement Monday by Atlanta’s Morehouse College comes months after billionaire Robert Smith promised to repay all student loans accumulated by Morehouse’s class of 2019.
Morehouse President David Thomas tells news outlets that, for the next nine months, the all-male college will impose an unpaid monthly furlough day f