Black Colleges Lose Campus Money Under Obama

The president’s new budget shows that an $85 million infusion of federal dollars, which historically Black institutions have relied on since 2007, is no longer available. The White House notes, however, that HBCUs would benefit in the long run from other direct government funding, which would mean a hike of about $12 million – raising the amount of federal dollars to $250 million. But, as Black-college leaders point out, the cessation of the specific HBCU fund would mean a $73 million reduction. Read more...

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• Black Colleges Will Fight Cut to Federal Program

Leaders of HBCUs 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 Obama's education budget 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.