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Sat May 11, 2019, 08:11 PM

Warren proposes $50 billion fund to invest in historically black colleges

Story below.

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BY RACHEL FRAZIN - 05/10/19 05:30 PM EDT

Sen. Elizabeth Warren (D-Mass.), who is running for president, has proposed investing $50 billion in historically black colleges and universities (HBCUs) and other minority serving institutions (MSIs).

Her plan, detailed in an op-ed on the website Blavity, would give colleges discretion to use the money how they wish, including to reduce tuition, invest in facilities, hire faculty or admit more students.

She wrote that she plans to fund the proposal through a 2 percent wealth tax on approximately 75,000 of the wealthiest families in the country.

The proposal would also allow private private HBCUs and MSIs to join the federal free-tuition program available to public colleges.

FULL story: https://thehill.com/homenews/campaign/443193-warren-proposes-50-billion-fund-to-invest-in-hbcus

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