The enrollment growth that followed the exit of former President Elmira Mangum has helped Florida A&M University gain an improved outlook from Moody’s Investors Service. Moody’s has changed its outlook for FAMU from “negative” under Mangum in 2016 to “stable” as of December 19, 2017.
“The stable outlook incorporates expectations of stabilizing enrollment, management's commitment to maintaining operating equilibrium and stable to growing state support,” a Moody’s press release stated.”
The press released added that: “The outlook also is also predicated on strong demand for the dormitory system with ongoing debt service coverage above 1.2x.”
Interim President Larry Robinson reversed the five year enrollment decline in Fall 2017. FAMU now has 9,913 students, which is 299 more than last year. The average GPA for the freshman class is 3.39. FAMU freshmen also posted a 1077 average on the SAT, which is above the Florida average and the national average.