President Joe Biden is working to increase funding for Historically Black Colleges and Universities (HBCUs). Speaking at the 2024 National HBCU Week Conference on Monday, Biden announced his administration is working to invest more than $1 billion in HBCUs.

At a conference for historically Black colleges and universities in Philadelphia, the president tallied up his administration’s contributions to “H.B.C.U. excellence.”

The president announced his administration is investing more than $1 billion in HBCUs, bringing its total contributions to the schools to more than $17 billion.

By Karen Stokes On Monday, coinciding with National Historically Black Colleges and Universities (HBCU) Week, President Biden addressed the Annual HBCU Week Conference in Philadelphia, announcing an additional $1.

President Joe Biden announced Monday $1.3 billion in new money for Historically Black Colleges and Universities, bringing total federal funding to a record $17 billion during his term.