Thurgood Marshall College Fund Statement on President Biden’s FY23 Budget Proposal
Washington, March 28, 2022 (GLOBE NEWSWIRE) — In his FY23 budget proposal, President Biden and his administration once again demonstrated their commitment to investing in historically black colleges and universities (HBCUs) in a meaningful way. historical.
The President’s FY23 recommended budget includes a record $2,175 total increase in the maximum Pell price, putting him on track to meet the President’s goal of doubling Pell by 2029; Significantly increases Title III funding to HBCUs, Predominantly Black Institutions (PBIs), and Other Minority Serving Institutions (MSIs), and includes $450 million for four-year HBCUs, PBIs, and MSIs to expand the research and development infrastructures in these institutions.
Increasing research capacity and opportunities in our schools is critically important to the sustainability and long-term growth of our institutions, as well as to the overall research capacity of our country as a whole. We are thrilled that President Biden has recognized the importance of schools playing an active role in this effort, as first demonstrated in the U.S. jobs plan and later in the Build Back Better Act and now within the President’s recommended budget for FY23.
TMCF looks forward to working with Congressional leaders, the Congressional Black Caucus, and the Bipartisan HBCU Caucus to enact these historic proposals for the betterment of our institutions and their students.
Thurgood Marshall College Fund [email protected]