The fall in asset prices (such as subprime mortgage backed securities) during 2007 and 2008 caused the equivalent of a bank run on the U.S. shadow banking system, which includes investment banks and other non-depository financial entities.
The overall cost for on-campus students to attend Morehouse College in 2014-2015 was $47,300. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 4.2% each year.
Morehouse College Financial Aid (2014 - 15) 1  Percentage of Students Receiving Aid: 94%. 2  Percentage of Students Receiving Types of Aid Grants: 84%. Loans: 73%. 3  Average Amount of Aid Grants: $19,021. Loans: $7,625.