The Biden-Harris administration’s mission to strengthen educational equity and economic opportunity was on full display again as the White House announced an additional $1.3 billion in federal investments for historically Black colleges and universities (HBCUs).
The new funding brings the administration’s total investment in HBCUs to an unprecedented $17 billion since fiscal year 2021, setting a new record and further displaying the administration’s commitment to institutions that have long served as beacons of opportunity and excellence for Black Americans.
Though representing only 3% of all U.S. colleges and universities, HBCUs play a crucial role in fostering economic mobility.
According to White House officials, HBCUs enroll twice as many Pell Grant-eligible low- and middle-income students as non-HBCU institutions, producing a significant percentage of Black professionals in critical fields: 40% of engineers, 50% of teachers, 70% of doctors and dentists, and 80% of judges.
Officials touted Vice President Kamala Harris, an alumna of Howard University, as an example of these institutions’ profound impact on shaping national leadership.
A White House fact sheet highlighted how HBCUs are not just educational powerhouses but also drivers of economic growth. Research by the United Negro College Fund (UNCF) shows that HBCUs help more than five times as many students move from the bottom 40% to the top 60% of U.S. households, compared to Ivy League and other elite non-HBCU institutions. Further, a report from the Council of Economic Advisors (CEA) links HBCU enrollment with higher graduation rates and increased household incomes, affirming their role in advancing social and economic equity.
Economically, according to the UNCF, HBCUs contribute $16.5 billion annually to the U.S. economy, generate over 136,000 jobs, and produce $146 billion in lifetime earnings for their graduates.
The administration’s investments aim to amplify this impact, particularly by enhancing HBCUs’ research and development (R&D) capacities in STEM fields.
The new $1.3 billion investment includes $188 million in competitive grants for R&D capacity building and $1.1 billion in funding to support students directly through need-based grants and programs like Pell Grants. According to the fact sheet, this action builds on a series of initiatives launched to expand HBCUs’ influence and capabilities, including:
- Innovation in Defense: The Department of Defense created the first-ever HBCU-led University Affiliated Research Center (UARC). Howard University, leading a $90 million program over five years, focuses on advancing autonomous technologies for Air Force missions.
- Bridging the Digital Divide: The Department of Commerce’s Connecting-Minority-Communities program funds 43 HBCUs to secure high-speed internet, equipment, and IT personnel, directly addressing the digital divide.
- Leading in Clean Energy: The Department of Energy’s $7.75 million HBCU Clean Energy Education Prize is designed to enhance STEM education and inspire future leaders in clean energy fields.
- Diversity in Agriculture: The Department of Agriculture’s $262.5 million investment supports 33 projects to train over 20,000 future food and agricultural leaders, emphasizing diversity in the agricultural sector.
Officials said that the unprecedented support for HBCUs reflects the administration’s broader agenda to promote educational excellence and equity. Reestablishing the White House Initiative on Advancing Educational Equity, Excellence, and Economic Opportunity through HBCUs further signifies this commitment, they said.
The new funding coincides with Forbes magazine’s recent ranking of HBCUs.
Forbes named Howard University the number one HBCU. It was ranked 273rd among the top 500 colleges and universities, ahead of Spelman, Morehouse, Florida Agricultural and Mechanical University (FAMU), North Carolina A&T and Hampton University. The rankings showcase HBCUs’ ability to produce high-earning, influential graduates from diverse economic backgrounds, often with lower student debt.