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ERIC Number: EJ895600
Record Type: Journal
Publication Date: 2010-Aug-19
Pages: 3
Abstractor: ERIC
Reference Count: 0
ISSN: ISSN-1557-5411
Status Update
Hernandez, Arelis
Diverse: Issues in Higher Education, v27 n14 p30-32 Aug 2010
This article offers some updates on the share of the higher education institutions in the billion-worth stimulus package and how institutions were assisted through this funding. Since the $787 billion stimulus package, formally known as the American Reinvestment and Recovery Act (ARRA), was signed into law in 2009, an estimated $50 billion to $75 billion have gone to higher education institutions through research grants, capital improvement funds and student aid. A "Diverse" analysis shows that, in the first year of the program, fiscal year 2009, federal agencies funneled more than $550 million to historically Black colleges and universities (HBCUs). However, the analysis is not definitive due to reporting irregularities. While publicly available data does little to distinguish new monies from yearly grants and appropriations, it appears much of the stimulus money to HBCUs was used to help them hang on rather than thrive with a new investment. Observers are mute about the impact so far and probably because so little is known about how much money these institutions received. Preliminary calculations show that, in 2009 alone, HBCU awards totaled more than $550 million with four institutions receiving more than $20 million for each of their campuses. The article also includes a list of schools that were among the largest recipients of federal stimulus funding awarded to HBCUs in 2009.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A