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.
||PR, 4/2/2021; COVID-19; CARES;
||BCS; Financial; Operations; Treasury
||United States of America
|Reg. Last Update
Last substantive update on 04/06/2021