Biden's Unprecedented Funding for Black Colleges
It will take more than a onetime injection to make up for a legacy of discrimination.
Stay updated with breaking news from Capital Finance Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It will take more than a onetime injection to make up for a legacy of discrimination.
It will take more than a onetime injection to make up for a legacy of discrimination.
Saint Augustine's University campus Historically Black colleges and universities received much-needed debt relief from the federal government as part of the recent COVID-19 relief bill, a change leaders say allows them more financial freedom to invest in their futures. Congress passed a behemoth spending bill last month that included a variety of COVID-19 relief measures and earmarked $20.2 billion for colleges and universities. Also buried in the omnibus spending package is $1.3 billion in loan forgiveness for HBCUs that borrowed money through the federal government's HBCU Capital Financin...
UNCF Achieves “Transformational Outcomes” for HBCUs, Inspired by Black Voices Cut Short Final efforts, spurred by UNCF convincing Congress of racial inequality in country, can turn institutions around, relieve debt in bleak COVID period WASHINGTON, Dec. 21, 2020 (GLOBE NEWSWIRE) — Today, Congress released details of the FY 2021 appropriations bills and the coronavirus relief stimulus. After much lobbying by the United Negro College Fund (UNCF) on behalf of all Historically Black Colleges and Universities (HBCUs) and the students they serve, the following items, among others, are inclu...