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.

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