Stimulus Money Slow To Reach Colleges

by Peter Galuszka , October 2, 2009

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The Miner Normal School building at Howard University

The Miner Normal School building (pictured) at Howard University is one of many historic HBCU landmarks slated to undergo renovations financed by federal stimulus funding.

“The idea is to accelerate training for jobs that can be of immediate help to the economic recovery,” Cape Fear spokesman David Harding says.

Although first reports on how stimulus money has been spent are not due at the Department of Education until October, observers believe the funds will start to make a big impact at colleges soon.

“Most of the applications were due for acceptance or rejection by the end of July, and they may be running a bit behind,” Helland says. But the pace is really going to accelerate since any money approved will have to be spent by September 2010.

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