HBCUs got a windfall of federal COVID relief. Here's how colleges are spending it

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HBCUs have long been underfunded. Now, they're using a pot of federal COVID relief funds — $5.2 billion — to cancel student debt, upgrade campus infrastructure and retain students facing financial barriers.

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"So it's been incredibly helpful and transformative, not only for us, but for our students as we navigate this continuing pandemic."Kenny Spayd, Fayetteville State University Robert Pompey is vice chancellor for business and finance at N.C. A&T, the nation's largest HBCU. The school received one of the largest federal relief packages of all HBCUs.Robert Pompey is vice chancellor for business and finance at N.C. A&T, the nation's largest HBCU. The school received one of the largest federal relief packages of all HBCUs.Robert Pompey, N.C.

HBCUs weren't the only schools to target students who were struggling financially during the pandemic. In fact, the CARES Act

 

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Great, but, how exactly is that all related to emergency debt funding needed for Corona Virus 2019 mitigation?

You really shld explain up front what HCBU stands for.

🥰

Sounds like this is outside the boba fide need of the funds and therefore against the law.

They are canceling student debt. They are transferring it to other people. How do they still have Covid money left?

Nice

Thats a lie. They always funded. Ffs. Why is everything about race with you people ?

Glad they're using tax payer dollars to cancel debt. Sucks that the unfortunate working class Americans without a degree are funding their free education.

It's an efficient way to deliver some type of reparations.

None of which has anything to do with Covid. We deserve bankruptcy

If an entity can't afford to stay in business on its own, then throwing cash at it won't make the problem go away. It makes the problem worse.

Cue the nasty racists. I'm sorry that people are so awful, but here we are.

Sounds like a scam.

And then they'll increase the cost of tuition even more.

And So! give them more🙏🏾🙏🏾

they aren't cancelling student debt. They are transferring the debt to other people. Where do people think the covid money came from? Why wasn't it used?

Right the fuck on.

We are spending money we do not have …it will be our undoing

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