ATLANTA (AP) - Morehouse College will furlough faculty and cut its budget because of a drop in enrollment.

Interim Provost Willis Sheftall told The Atlanta Journal-Constitution that the Atlanta college has 2,360 students, or about 125 fewer than projected. He blamed the drop in enrollment on a poor economy and changes to a federal loan program for students.

Typically about 8 percent of Morehouse students who make a deposit to attend the college don't enroll. But that figure has jumped to 16 percent this year.

Sheftall described the situation as a "challenge" but said it is not a crisis.

Morehouse officials plan to increase fundraising. Faculty and managers will have to take five or fewer furlough days. The college also plans to reduce its part-time faculty during the spring semester.