“We’re Gonna Lose Everything.” Shaw Alumni Sound Alarm Over Land Sales And Rising Debt.

Shaw alumni say the historic HBCU is selling assets, taking on more debt and hiding the full plan for what comes next.

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Roland Martin speaks with Eugene Myrick, Founding Member of Save Our Shaw, about alumni concerns over Shaw University’s finances, property sales, governance and long-delayed master planning. Myrick alleges that Shaw’s assets are being sold, debt is rising again after pandemic-era relief erased earlier debt, and longtime trustees have ignored or changed rules while the university shrinks. He also raises concerns about student safety, failed dorm inspections and borrowing from the endowment. Shaw University disputes that framing and says its property decisions, debt and planning efforts are tied to long-term financial stability, maintenance needs, enrollment decline and mission preservation.

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