The American Rescue Plan is the source of the money 10 North Carolina HBCUs will receive. The state of North Carolina will receive over $300 million from the plan which will be used to grow 10 Historically Black Colleges and Universities. The announcement was made Monday by the White House. The money is part of a total of $2.7 billion to be distributed nationwide. However only Alabama is the only state to receive more than North Carolina for HBCUs.
This marks the largest simultaneous funding of money for the Historically Black Colleges and Universities in the country. South Carolina HBCUs will get $112 million to be distributed amongst their 8 schools.