Now, a number of historically black colleges and universities are stepping in to help alleviate that financial burden. With federal funding and private donations, these schools are wiping out current students' account balances — including tuition and fees — and giving them a fresh start.
Clark Atlanta University in Atlanta, Georgia, which has nearly 4,000 students in total, was one of the first HBCUs in the nation to use federal pandemic relief aid to clear balances for some of its students.The school is not only cancelling outstanding tuition balances. Also, starting with the 2020 spring term through the current semester, "if you have a dining or a residence hall balance, it will cover that," French said.
During the pandemic, federal stimulus funds have enabled the U.S. Department of Education to make significant investments in under-resourced colleges and universities through the Higher Education Emergency Relief Fund, including more than $2.6 billion to HBCUs.CNBC | Erica Wright
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sharon_epperson acorns A consensus is growing that federal student aid, however well-intentioned, is directly responsible for increases in college tuition over the past few decades.
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