Historically black colleges and universities owe the federal government more than $1.8 billion in loans issued through the US Department of Education’s Capital Financing Program, but the federal agency on accountability says the program has been under-marketed and underutilized by HBCUs looking to build or improve their facilities.
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HBCUs Owe The Feds $1.8B in Capital Loans…
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Historically black colleges and universities owe the federal government more than $1.8 billion in loans issued through the US Department of Education’s Capital Financing Program, but the federal agency on accountability says the program has been under-marketed and underutilized by HBCUs looking to build or improve their facilities.