Last updated on: 12/18/2019 12:27:55 PM PST
Should the Federal Funding to Historically Black Universities and Colleges (HBCUs) Be Increased?
HBCUs (Historically Black Colleges and Universities) account for about 3% of all US nonprofit or public colleges and universities. The federal government has previously given $250 million per year to HBCUs, including $85 million for STEM education. On Dec. 6, 2019 the FUTURE Act was passed by Congress, approving permanent $255 million annual funding.
According to a Jan. 23, 2019 American Council on Education report, HBCUs rely on federal funding for 54% of their overall revenue versus non-HBCU schools where federal funding composes 34% of overall revenue. HBCUs also saw a 42% reduction in federal funding between 2003 and 2015.
"As president, Biden will take steps to rectify the funding disparities faced by HBCUs, TCUs [Tribal Colleges and Universities], and Minority-Serving Institutions (MSIs) so that the United States can benefit from their unique strengths. Students at HBCUs, TCUs, and MSIs will benefit from Biden’s proposals to double Pell grants, slash the income-based repayment of loans to 5% of income, and provide free tuition for students at all community colleges, including those that are MSIs. In addition, Biden will invest over $70 billion in these colleges and universities to:
Source: Joe Biden, "The Biden Plan for Education beyond High School," joebiden.com (accessed Nov. 25, 2019)
"For more than 180 years, HBCUs have strengthened our country and called America to greatness. Your institutions have been pillars of excellence in higher education and the engines of advancement for African American citizens. They’ve been incredible, the job they’ve done.
I signed legislation to increase federal funding for HBCUs by a record 13 percent. That was the highest ever done...
In total, over the last two and a half years, through the Capital Financing Program, we have provided more than $500 million in loans to HBCUs."
Source: Donald Trump, "Remarks by President Trump at the 2019 National Historically Black Colleges and Universities Week Conference," whitehouse.gov, Nov. 22, 2019
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