ATLANTA - The president of Morris Brown College will lay out a recovery plan Monday for the cash-strapped school. <br>
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President Charles Taylor will discuss the proposed plan with members of the accrediting team from the Southern Association of Colleges and Schools. <br>
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The team will review documents over the next three days including a recent audit. The audit shows the debts of more than $23 million at the Atlanta college far exceed its available assets. <br>
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Alumni and the new president -- Taylor -- are hoping they can save the college from a series of financial debacles from moving up a division in sports, to promising every student a new laptop, to paying for basic expenses with federal money meant for student financial aid. <br>
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Money problems already have put the school on probation with the Southern Association of Colleges and Schools. And the school could lose its accreditation after the committee review that starts Monday. <br>
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The school was founded by members of the African Methodist Episcopal Church in 1885 and is one of the six historically black schools that make up the Atlanta University Center. <br>
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Most of the problems happened under former president Dolores Cross. Taylor has vowed to turn the school's money situation around in a year or quit.
