President Obama’s economic stimulus package could provide a big help to thecountry’s Black colleges, which have been hit hard by the economic slump. Historically Black colleges and universities usually lack big endowments and aren’t receiving as much state funding for education, according to Reuters. Combine that with the majority of the student body coming from low- or middle-income families means more and more of these schools are relying on tuition to keep their doors open.
Recently Clark Atlanta University laid off 70 of its 229 full-time faculty.
The $787 billion stimulus bill includes money that will help create infrastructure projects on HBCU campuses, improvements in technology, and increased federal grants for students from low-income families.