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The U.S. Department of Education, July 26 2004 A million-dollar (USD) grant was recently given to The National Association for Equal Opportunity in Higher Education, the United Negro College Fund Special Programs Corporation, and Hampton University to improve fiscal management, campus operations, and professional development at the nation’s historically Black Colleges and Universities.
Many of the nation’s historically black college and universities serve a large proportion of underprivileged students, and as a result, are responsible for managing large amounts of federal student aid funds.
Over the years, these responsibilities have proved overwhelming to some schools, and a need was identified to provide these schools with better management tools.
U.S. Secretary of Education, Rod Paige, commended the role that historically black colleges and universities have played in America and affirmed the need to do what it takes to help those schools meet future challenges. Black schools currently graduate 30% of black college students, and enroll approximately 16% of the black college population, totaling around 400,000.
These three institutions hope to work together, using the money from the grant, to create best practices and educational programs that other black colleges can use to better manage their fiscal and organizational affairs.
