Department of Education download more than $ 1.6 billion in finance debt capital HBCU April 2, 2021 Contact: (202) 401-1576, press@ed.gov
  • The US Department of Education UU recently downloaded approximately $ 1.6 billion debts Provided to historically black schools and universities (HBCUS) participating in the HBCU capital financing program. This action will provide debt relief at 45 HBCUS - 13 public institutions and 32 private institutions.

    "Our HBCUS has been for a long time in an unequal playing field, financially, compared to many other postsecondary institutions," said Secretary of Education, Miguel Cardona. "This relief will support these critical mission institutions further and help ensure that they have more resources to educate and graduate students during unprecedented Covid-19 pandemic."

    The Act of Supplementary Appropriations of Response and Relief of Coronavirus (CRSAA) Login on Law in December 2020 provided authority and funds to meet the debts pending HBCUS under the Capital Financing Program HBCU . In combination with the funds provided in the US rescue plan, signed by President Biden on 11 March, 2021 and Coronavirus's economic assistance, relief and security law, HBCUS will also receive more than $ 5 billion through the Emergency of higher education. Programs of the aid fund.

    Since 1994, the capital financing program of the HBCU has provided low-cost loans to finance and refinance infrastructure improvements in the HBCUS of the Nation.

    The download of these debts helps allow these institutions to focus their resources by supporting students, faculty and staff during the duration of the National Emergency Covid-19. HBCUS can devote more funds to the Innovation of academic experience, supporting the socio-emotional development of their students, and continue as the main producers of leading doctors and teachers for a moment when the United States needs it more.

    Institutions that receive the HBCU Capital Finance Debt downloads
  • Alabama A & M University
  • Allen University
  • Arkansas Baptist College < / Li>
  • Saint Augustine's University
  • Benett College
  • Bennett College
  • Betune-cookman University
  • Barber-Scotia College < / Li>
  • State Central University
  • Claflin University
  • Clark Atlanta University
  • Florida A & M University
  • Florida Memorial University
  • Grambling State University
  • Hampton University
  • Harris-Stow State University
  • Juston-Tillotson University
  • Jarvis Cristiano Colege
  • Universidad Johnson C. Smith
  • Lane College
  • Lewson Community Status Colege
  • Liemyne-Owen Colege
  • Liversion Colege
  • Miles College
  • Morgan State University
  • Morehouse College < / li>
  • Medicine School
  • Philander Smith College
  • South Carolina State University
  • Shaw University
  • Stillman College
  • South University at Baton Rouge
  • Shreveport Talladega
  • College
  • Texas College
  • University of South Texas < / li>
  • University of the University of the University of the University of Virgin Islands
  • University
  • voorhees college
  • Wiley College < Li>
  • Xavier de Louisiana
  • Tags: Federal Aidhistorically Black College and University Capital Financing Programpress releases

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