SECTOR NEWS
‘Investment in the future’: Credit Suisse creating a scholarship for NC HBCU students
Swiss bank Credit Suisse is launching a new scholarship for students that attend one of North Carolina’s historically Black colleges, the bank said Monday.
Credit Suisse, which has a growing presence in Research Triangle Park, said it would pledge $1.2 million to a new endowment with the United Negro College Fund (UNCF) to fund scholarships for students attending one of the state’s 10 Historically Black Colleges and Universities (HBCUs). (News & Observer)
HBCU marching bands featured in inaugural celebration
A total of six HBCU marching bands will participate in the We Are One virtual event celebrating the diversity of America in advance of the inauguration of President-elect Joe Biden. Vice President-elect Kamala Harris is also slated to speak.
We Are One will stream live on Tuesday, Jan. 19, from 7 – 8:30 p.m. CST at bideninaugural.org/watch and on Urban One, HBCU Grad, NowThis, Revolt TV, The Source, The Shade Room, BET, The Grio TV, Daily Kos, Watch The Yard, Blavity, and on NBC Peacock TV — on The Choice, which is Peacock’s free, exclusive news channel. (HBCU Gameday)
Loan forgiveness ‘transformative’ for HBCUs
Historically Black colleges and universities received much-needed debt relief from the federal government as part of the recent COVID-19 relief bill, a change leaders say allows them more financial freedom to invest in their futures.
Congress passed a behemoth spending bill last month that included a variety of COVID-19 relief measures and earmarked $20.2 billion for colleges and universities. Also buried in the omnibus spending package is $1.3 billion in loan forgiveness for HBCUs that borrowed money through the federal government’s HBCU Capital Financing Program. The program was established in the 1990s to provide access to low-rate capital that would allow HBCUs to refinance existing debt, make infrastructure repairs and renovations, and work on new construction. (Inside Higher Ed)
When it comes to student success, HBCUs do more with less
Historically Black colleges and universities (HBCUs) have been supplying leaders to the nation and to communities for nearly 200 years. Martin Luther King Jr. is surely the most famous HBCU alumnus, having entered Morehouse College at age 15 and graduating at 19. And, of course, the next vice president of the United States, Kamala Harris, is a 1986 graduate of Howard University. Brookings has covered HBCU topics a number of times, notably in articles by Andre Perry.
Today I want to provide some background on HBCUs by discussing some data about these critical institutions, as I suspect there is much that is not widely known—at least outside the Black community. The simple message in the numbers is that HBCUs work their magic with very little money. (Brookings Institute)
INDUSTRY NEWS
Private colleges wonder if they are in Biden relief plan (Inside Higher Ed)
Spring term delays: New wave of coronavirus uncertainty slams higher education (Washington Post)
Student housing at Salt Lake Community College? Higher ed officials greenlight plan (Deseret News)
The Maryland Higher Education Commission announces $1.3 million in new nursing faculty fellowships (Southern Maryland Chronicle)
