The Department of Education tracks which colleges and universities are most at risk of closure in its heightened cash monitoring list.
However, HBCUs may have to spend more to borrow than other colleges and universities.
They are donating a total of $120 million to the United Negro College Fund, which supports scholarships for students at all private HBCUs, as well as Morehouse and Spelman College, two prominent HBCUs that aren’t on the watchlist.
All told, the nation’s roughly 100 HBCUs raised only $43 million in 2018 in donations of $1 million or more, just 1.4% of the 497 of those big gifts all U.S. colleges and universities landed that year.
At a time when the death of George Floyd and other black people at the hands of police is underscoring the vulgar realities of race-based inequality and ushering in widespread soul-searching, I think all Americans will benefit if these colleges and universities, including the 10 currently on the heightened cash monitoring list, can thrive.
