This story first appeared in The 19th. The Biden-Harris administration announced this week $1.3 billion in federal funding to historically Black colleges and universities , bringing its total support of these institutions to more than $17 billion since 2021. “That’s the most any administration has ever, ever, ever, ever committed,” President Joe Biden said Monday as he announced the investment during the 2024 HBCU Week Conference in Philadelphia.
household incomes compared with the nation’s most elite colleges and universities. Forty percent of Black engineers, 50 percent of Black teachers, 70 percent of Black doctors and dentists, and 80 percent of Black judges graduated from HBCUs, according to the White House. HBCUs also play a role in the economy, making a $16.5 billion annual economic impact on communities nationwide and producing over 136,000 jobs and $146 billion in lifetime earnings for alumni, the White House said.
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