A report from the Department of Education shows that federal funding for historically black colleges and universities decreased in 2012.
The report, released earlier this month by the White House Initiative on Historically Black Colleges and Universities, reveals that 22 out of 32 federal agencies provided nearly $4.8 billion in funding to HBCUs, which accounted for 2.7 percent of all funds awarded to colleges and universities nationwide.
The total funding amount, which counts grants, contracts, federal financial aid awards to HBCU students and educational assistance programs, was $401 million less than HBCU funding awarded in 2011. Without federal student loans, HBCUs received only $1,227,116,047 or 3.41 percent of all funds awarded to higher education institutions.
