FOR IMMEDIATE RELEASE
TMCF thanks Congress for HBCU Assistance in Coronavirus Aid, Relief, and Economic Security (CARES) Act.
WASHINGTON, DC (March 25, 2020) – The Thurgood Marshall College Fund (TMCF) applauds Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) for unveiling of a plan that would allocate approximately $1.05 billion in emergency Title III and Title V Aid to Historically Black Colleges and Universities (HBCUs), Predominantly Black Institutions (PBIs) and other Minority Serving Institutions (MSIs) in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
“The deal developed by the Senate is another powerful example of the Congress’ recognition of the importance of and need to deliver for HBCUs, PBIs and their students,” said Thurgood Marshall College Fund President and CEO Harry L. Williams. “The road to full financial recovery from this crisis will be a long one for our schools, but the collective engagement and tireless bi-partisan advocacy of our community has helped to secure the much needed resources our schools require to both navigate this crisis and and continue to pursue their respective missions.”
In addition to the supplemental aid, the CARES Act also authorizes the Department of Education to loosen the restrictions on currently appropriated Title III funds. This additional flexibility will allow schools to put previously restricted funds directly to use in addressing the new challenges that our schools and their students face during the ongoing health emergency.
TMCF looks forward to Congress quickly passing and President Trump signing this legislation so that we can begin working with the Department of Education to get the emergency funds to the schools as quickly as possible.
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About the Thurgood Marshall College Fund (TMCF)
Established in 1987, the Thurgood Marshall College Fund (TMCF) is the nation’s largest organization exclusively representing the Black College Community. TMCF member-schools include the publicly-supported Historically Black Colleges and Universities and Predominantly Black Institutions, enrolling nearly 80% of all students attending black colleges and universities. Through scholarships, capacity building and research initiatives, innovative programs and strategic partnerships, TMCF is a vital resource in the K-12 and higher education space. The organization is also the source of top employers seeking top talent for competitive internships and good jobs.
TMCF is a 501(c)(3) tax-exempt, charitable organization. For more information about TMCF, visit: www.tmcf.org
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Thurgood Marshall College Fund
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