Biden-Harris Administration Propels Historically Black Colleges and Universities with Record $16 Billion Investment

By Stacy M. Brown | NNPA(NNPA) – The Biden-Harris Administration has announced a historic milestone in federal funding and investments for historically Black colleges and universities (HBCUs), surpassing a monumental $16 billion mark from fiscal year 2021 through current data available for FY 2024.First reported by HBCU Buzz, the unprecedented financial commitment represents a substantial increase from the previously reported over $7 billion, encompassing significant additional actions already undertaken. The total exceeds $16 billion, inclusive of over $11.4 billion allocated between FY2021 and FY2023 through Federal grants, contracting awards, and debt relief tailored specifically for HBCUs.“President Biden and I have delivered an unprecedented $16 billion to our Nation’s HBCUs. We know that when we invest in the success of our HBCUs, we are investing in the strength of our nation—today and for generations to come,” Vice President Kamala Harris told HBCU Buzz.President Biden echoed this sentiment, emphasizing the administration’s unwavering commitment to sustaining robust investment efforts in HBCUs throughout& the remainder of& FY 2024.Officials said the administration’s dedication to HBCUs underscores their vital role in fostering upward economic mobility in the United States. “For generations, these anchors of our communities have played a pivotal role in building and contributing to...