Black Colleges Will Fight Cut to Federal Program

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Black Colleges Will Fight Cut to Federal Program

by JUSTIN POPE, Associated Press Writer , May 11, 2009

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RALEIGH, North Carolina

Leaders of historically Black colleges say they’ll fight a reduction in a federal program they call a financial lifeline at a time of economic distress for the schools and their students.

President Barack Obama’s education budget, unveiled Thursday, included major spending increases in many areas but didn’t include an extra $85 million that Black institutions have received annually for the past two years thanks to a 2007 change to the student loan laws.

That two-year-old program provided direct funds to federally recognized historically Black colleges and universities.

Other direct federal support to the schools would increase from $238 million to $250 million, but with the expiration of the HBCU fund the schools effectively would see a $73 million cut.

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Comments posted here may be reprinted in Diverse: Issues In Higher Education magazine, and may be edited for purposes of clarity and/or space.

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