Historically Black College and University Capital Financing Program

   Current Section  Funding Status
Performance
 Office of Postsecondary Education Home
Funding Status

The Department's initial statutory authority guaranteed bonds for up to $375 million (no more than $250,000,000 will be used for private HBCUs and no more than $125,000,000 will be used for public HBCUs). However, the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006 (P.L. 109-234) allows the program to exceed its initial statutory authority regarding guaranteed bonds to make loans to HBCUs affected by the 2005 Gulf hurricanes.

Currently, the program's outstanding balance is approximately $700,000,000 (about $590,000,000 to private HBCUs and about $110,000,000 to public HBCUs).


 
Print this page Printable view Send this page Share this page
Last Modified: 01/31/2008

Secretary's Corner No Child Left Behind Higher Education American Competitiveness Meet the Secretary
No Child Left Behind
Related Topics
list bullet No Related Topics Found