HBCUs still ‘woefully underfunded,’ according to UNCF president

One could argue it’s been a victorious year for historically Black colleges and universities (HBCUs). The FUTURE Act – legislation sustaining federal funding for minority serving institutions — made a fraught, winding journey to President Donald J. Trump’s desk, where it was signed into law in December.

But during a recent event, Dr. Michael Lomax, president and CEO of the United Negro College Fund (UNCF), discouraged unbridled optimism.

“I cannot stand before you here today and say only that the state of HBCUs is strong or only that HBCUs remain resilient,” he said at the organization’s second annual “State of the HBCU Address” where HBCU leaders and allies gathered in Washington D.C. “As you know, those truths are only part of the story.”

He argued that the permanent annual $255 million in federal funding for minority serving institutions, with $85 million designated for HBCUs, marks progress, but it isn’t enough to solve the “HBCU paradox” – the fact that HBCUs enjoy broad bipartisan support but continue to be “woefully underfunded.”

The support that exists, though it spans party divides, is “too often a mile wide and an inch deep,” Lomax said. “Too often it creates an all too convenient gap between rhetoric and reality. It makes it easy for people to look and sound like they are HBCU boosters without having to take the hard steps and make a deep-seated commitment to eradicate decades of disparate treatment of HBCUs.”

He directed a few pointed comments at Trump, who claimed at the Davos economic conference in January that his administration “saved” HBCUs.

Lomax acknowledged that HBCU leaders “deeply appreciate” that the president signed the FUTURE Act, forgave the loans of HBCUs impacted by Hurricane Katrina and offered capital finance loan deferment for 13 HBCUs. But he also noted that the FUTURE Act wasn’t included in Trump’s 2021 federal budget and Trump’s efforts to remove programs like federal work study would hurt HBCU students if successful. Meanwhile, most Democratic candidates — Joe Biden, Sen. Bernie Sanders, Sen. Elizabeth Warren and Michael Bloomberg – have proposed more extensive plans for funding HBCUs.

“We know the president wants the bragging rights for having done ‘more than any other president’ to support HBCUs, so there’s still time for you to claim that mantle,” he said, addressing the president and prompting laughs from the audience. “We hope you will propose in the coming months investments that rival or exceed those of your Democratic opponents.”

Lomax laid out several ongoing policy goals like lobbying for a $1 billion grant for HBCU infrastructure, doubling the Pell grant and tripling Title III funding, the funds guaranteed in the FUTURE Act.

But the federal government isn’t the only sector responsible for the inequitable funding of HBCUs, he said, pointing to “subtler forms of disparate and unfair treatment” by philanthropists, accreditors, corporations and lenders.

Notably, he cited a recent report from the Student Borrower Protection Center called “Educational Redlining,” which found that Upstart, an online lending platform, offered HBCU graduates higher interest rates, costing them thousands of dollars more than similar graduates from predominantly white institutions.

“Let’s make this year the year inequitable treatment of HBCUs is named and shamed,” he said.

[SOURCE: LouisianaWeekly]

U.S. Senate passes amendment restoring $255 million in HBCU funding

The United States Senate approved a bipartisan amendment to restore millions of dollars in federal funding to historically black colleges and universities (HBCUs) and other minority-serving institutions (MSIs). Known as the FUTURE Act, the bill proposes a 10-year mandatory extension of $255 million in annual funding to HBCUs. It continues Title III funding for HBCUs and MSIs under the Higher Education Act of 1965, which previously expired at the end of September.

The proposal is paid for by simplifying the federal student aid form, which, among other things would eliminate up to 22 questions and require applicants to submit their tax information only once. According to the nonpartisan Congressional Budget Office, the changes would save taxpayers $2.8 billion over ten years, which will be used to pay for the permanent funding for HBCUs and other minority-serving institutions.

The proposal is also co-sponsored by Republican Sens. Tim Scott of South Carolina and Richard Burr of North Carolina, and Democratic Sens. Doug Jones of Alabama and Chris Coons of Delaware.

The Thurgood Marshall College Fund (TMCF) president & CEO Harry L. Williams praised elected officials for approving the bill and encouraged the House of Representatives to pass it as well without delay. “TMCF is appreciative of all of the Senators who came together, in a bipartisan way, to reaffirm the importance of and work to renew this material investment in our Nation’s post-secondary students,” he said in a press release.

Likewise, Dr. Austin A. Lane, president of Texas Southern University said, “The bipartisan support of this bill is clear validation of the value that HBCUs like Texas Southern University brings to so many first-generation college students. Thanks to the lawmakers involved, as well as the tireless support from Dr. Harry Williams and the TMCF, the passage of this bill, will help thousands of more students reach their goals – and without the financial barriers that so often get in the way.”