According to a recent federal official report, HBCUs are underfunded by $12 billion. At least 16 states were found to have underfunded their HBCUs, but according to the U.S. Department of Education, the shortfall is more than $12 billion.
Despite this shortfall, significant strides have been made to ensure the financial success of our HBCU students. Such initiatives included fundraising and donations. These contributive efforts will present a vital financial resource to our students.
The following HBCU’s have recently announced they will receive the following:
Xavier University: To receive $5 million-dollar grant from the U.S. Department of Energy’s Grid Innovation Program. Ouloide Yannick Goue, Physics assistant professor at Xavier, is the principal investigator for the university’s HERO-funded project.
“We are honored to be a part of the HERO project. This is a groundbreaking initiative that not only strengthens our community’s resilience but also paves the way for a more sustainable future,” said Dr. Sunda-Meya, Dean of the College of Arts and Sciences at XU.
Albany State University and Fort Valley State University: To receive grant from the Carol and Gene Ludwig Family Foundation via the The National Institute for Student Success (NISS) at GSU. The partner institutions will provide eligible students with modest financial support.
“We thank the Carol and Gene Ludwig Family Foundation for its support and partnership and appreciate their commitment to NISS’s mission of reducing barriers to student achievement and degree completion in higher education,” said Timothy Renick, executive director of the National Institute for Student Success.
Congratulations to all the HBCUs for these outstanding contributions!