WASHINGTON, D.C. – This evening, the U.S. House of Representatives passed the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act introduced by Representative Alma Adams (D-NC) and Representative Mark Walker (R-NC). The FUTURE Act extends important mandatory funding for Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving Institutions (MSIs) set to expire at the end of this month. The Senate companion bill, introduced by Sen. Doug Jones (D-AL), Sen. Tim Scott (R-SC), must now be passed.
Ashley Harrington, Senior Policy Counsel at the Center for Responsible Lending, made the following statement:
CRL applauds the House for passing the FUTURE Act. HBCUs and other MSIs are essential to achieving equity and access in our higher education system as well as to curbing the student debt crisis. The Senate should act swiftly to pass this bi-partisan legislation so that these institutions do not face a funding lapse. Both chambers should then work together to pass a comprehensive reauthorization of the Higher Education Act that ensures equity, affordability, and accountability (PDF) for current and future students and those with student debt.
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