Biden-Harris Administration Announces $1.3 Billion in Additional Funding and a Record of Over $17 Billion in Total Support for Historically Black Colleges and Universities (HBCUs)
On September 17, the Biden-Harris Administration announced additional federal investments in Historically Black Colleges and Universities (HBCUs) totaling $1.3 billion . With these new investments, combined with the previously announced $16 billion in total federal investments in HBCUs, the Biden-Harris Administration has set another record of over $17 billion in federal investments in HBCUs from Fiscal Years (FY) 2021 through current available data for FY 2024. Investments in HBCUs continue to be one of the most powerful engines of economic mobility for students and their families and have proven to more than pay for themselves. Despite representing only 3% of colleges and universities, HBCUs provide college access to twice as many Pell Grant-eligible low- and middle- income students as non-HBCU institutions. HBCUs have produced an astonishing 40% of all Black engineers, 50% of all Black teachers, 70% of all Black doct...