DoE Black Colleges Debt Relief

On Apr. 2, DoE discharged debt provided to historically black colleges.

  • DoE recently discharged approximately $1.6bn of debt provided to historically black colleges and universities (HBCUs) that participate in HBCU capital financing program.
  • HBCU Debt Discharge
  • Coronavirus response and relief supplemental appropriations act (CRRSAA), enacted in Dec. 2020, provided the authority and initial funding to discharge these HBCU debts.
  • Provided debt relief to total 45 HBCUs - 13 public institutions, 32 private institutions.
  • Stated uneven playing field financially compared to other postsecondary institutions.
  • Relayed relief would further support these mission-critical institutions, help to ensure they have more resources to educate, graduate students during COVID-19 pandemic.
  • Over $5bn provided to HBCUs through CARES act, American rescue plan funding through higher education emergency relief fund programs., see #100067 and #84519.

Regulators DoE
Entity Types CNSM; Corp
Reference PR, 4/2/2021; COVID-19; CARES;
Functions BCS; Financial; Operations; Treasury
Countries United States of America
Products Corporate; Education
Regions Am
Rule Type Guidance
Rule Date 4/2/2021
Effective Date 4/2/2021
Rule Id 102068
Linked to Rule :100067
Reg. Last Update 4/2/2021
Report Section US Consumer

Last substantive update on 04/06/2021