Down to $40 Billion
Unlike other parts of the legislation, historically Black college and universities, tribal colleges and universities, Hispanic-serving institutions, and other minority-serving institutions actually received more funding in the latest version of the Build Back Better Act, according to House Education and Labor Committee chair Representative Bobby Scott, a Democrat from Virginia. Of the total $10 billion that will be allocated to these institutions, $3 billion will be used for grants to improve research and development infrastructure. The bill also includes institutional aid for capacity-building and financial aid for low-income students, with $2.35 billion each for HBCUs and HSIs over five years, $705.6 million for TCUs, and $588 million for other MSIs.
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by Alexis Gravely, Inside Higher Ed.