Adams Statement on the Inclusion of HBCU Priorities in the 2018 Omnibus
Washington, D.C.—Today, Congresswoman Alma Adams (NC-12), co-chair of the Bipartisan Historically Black Colleges and Universities (HBCU) Caucus, released the following statement on the inclusion of HBCU Priorities in the 2018 Omnibus:
“Following the first ever HBCU STEAM Day of Action, I’m thrilled to see the critical resources for HBCUs that our coalition advocated for, such as the expansion of the capital financing program, included in the 2018 omnibus. This measure will ensure security for nearly a dozen HBCUs and the students they serve, including Bennett College in North Carolina, through expanded access to essential funding for campus infrastructure and student programs,” said Congresswoman Adams. “I led the effort to include this change in the omnibus because, as a professor at Bennett College for 40 years, I witnessed first-hand the opportunities that HBCUs provide their students. I’m pleased that this bipartisan measure was included and I will continue to review the bill in its entirety to make certain that it is inclusive of our 12th District priorities.”
The expansion of the capital financing program allows participating HBCUs to apply for a 3-6 year loan deferment if they score 2.6 or less on the Department of Education’s financial responsibility test and they have operated at a deficit for the last five years or they have been sanctioned by their regional accrediting body.
The HBCU STEAM Day of Action took place on Tuesday, March 20th. Read more about it here.