Investments

TMCF Applauds the HBCU Investments within the Construct Higher Again Act

TMCF is happy to have performed a key position in guaranteeing that HBCUs obtained the requisite infrastructure funding to construct capability on campus and deal with unmet wants

WASHINGTON, Oct. 28, 2021 (GLOBE NEWSWIRE) — The Thurgood Marshall Faculty Fund (TMCF) applauds the HBCU-related investments within the Construct Again Higher Act and calls on Congress to move the invoice expeditiously.

The Construct Again Higher Act invests $3 billion in Traditionally Black Schools and Universities (HBCUs), Predominantly Black Establishments (PBIs) and different Minority Serving Establishments (MSIs) creating a brand new Analysis and Growth Aggressive Grant Program within the Division of Training that’s particularly designed to assist our establishments improve analysis capability. Importantly, the language of the Construct Again Higher Act makes it clear that like establishments will solely be competing in opposition to like establishments for these funds, a prime precedence for TMCF. TMCF is happy to have performed a key position in guaranteeing that HBCUs, particularly, obtained the requisite infrastructure funding to construct capability on campus and deal with unmet wants.

The Construct Again Higher Act additionally features a historic $6 billion improve in Title III and Title V funds for HBCUs and MSIs, which greater than triples annual funding for HBCUs and MSIs, whereas additionally growing the utmost Pell Grant award by $550 per scholar.

Along with the essential investments to HBCUs by way of applications within the Division of Training, the Construct Again Higher Act additionally invests $1 billion in an infrastructure program that can profit our 1890 Land Grant Establishments and $100 million in scholarship funds for college kids pursuing agriculture careers at those self same establishments.

“The Construct Again Higher Act represents a very historic funding in HBCUs and their college students,” mentioned Dr. Harry L. Williams, President and CEO of TMCF. “Over the past a number of months, TMCF and the better HBCU group have made our priorities clear to the administration and Congress, together with prioritizing investing in analysis infrastructure at HBCUs and guaranteeing that HBCUs are usually not competing with better-heeled Minority Serving Establishments for funding. The invoice is just not solely conscious of our priorities however will increase the funding within the Analysis and Growth Aggressive Grant Program from the $2 billion proposed in September to $3 billion on this model of the invoice. Moreover, the $6 billion improve in Title III and Title V funding represents a tripling of funding for our establishments over the subsequent 5 years. The enlargement of HBCU investments within the Construct Again Higher Act, whereas many different really laudable applications had been both pared again or eradicated throughout negotiations, is a testomony to the impression of our advocacy, the significance of our establishments to American increased schooling, and the power of the relationships that now we have established each throughout the Biden Administration and on Capitol Hill. We’re extraordinarily grateful to the Biden Administration, Senate Well being Training and Labor Chairwoman Patty Murray, Home Training and Labor Chairman Bobby Scott and HBCU Caucus Founder and Co-Chair Dr. Alma Adams for being steadfast supporters of our nation’s HBCUs.”

TMCF appears to be like ahead to working with Congress and the Biden Administration to get the Construct Again Higher Act via Congress and signed by the President.

Attachment

CONTACT: Thurgood Marshall Faculty Fund tmcfpress@tmcf.org

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