HBCUs receive boost from capital loan forgiveness
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...
Source: insidehighered.com