Overview

• Total investment includes $11.4 billion in federal grants, contracts, and debt relief from FY 2021 to FY 2023.
• Additional $4 billion supports HBCU students through financial aid and educational benefits for veterans.
• HBCUs contribute significantly to the economic mobility of Black Americans, producing a large percentage of Black professionals.
• New initiatives include the first HBCU-led University Affiliated Research Center and a $7.75 million Clean Energy Education Prize.
• Despite historic underfunding, HBCUs have seen a resurgence in applications and enrollment.