Department of Education reports or HBCU press releases

Biden-Harris Administration Announces Historic $16 Billion Investment in HBCUs, $300 Million for Diversity in Schools

May 18, 2024, 10:13 PM

The Biden-Harris Administration has announced a historic investment of over $16 billion in Historically Black Colleges and Universities (HBCUs), marking the largest federal funding ever allocated to these institutions. HBCUs play a crucial role in the education and economic mobility of Black families, producing 40% of Black engineers, 50% of Black teachers, 70% of Black doctors and dentists, and 80% of Black judges. This investment underscores the administration's commitment to supporting HBCUs and ensuring equity in education. Additionally, President Biden announced an additional $300 million for diversity in schools, including $20 million allocated specifically for this purpose. The announcement was made at Morehouse’s commencement, and Representative Steny Hoyer highlighted the significance of this investment for institutions like Bowie State.