Permanent Federal Funding For HBCUs Gets Bipartisan Support

The transcript discusses a bipartisan compromise to provide $255 million annually to historically black colleges and universities (HBCUs) and other minority-serving institutions. The deal simplifies the loan application process and eliminates annual paperwork for income-based student loan repayment plans. Funding for HBCUs had expired, leading to legislative challenges. The compromise includes simplifying the FAFSA form, saving taxpayers $2.8 billion over ten years. The Thurgood Marshall College Fund acknowledges the legislators' efforts in prioritizing funding for minority institutions.

What did Senator Patty Murray express regarding the funding deal?

How will the changes to the FAFSA impact taxpayers according to the Congressional Budget Office?