The Biden-Harris Administration has announced a significant financial commitment to Hispanic-Serving Institutions (HSIs) across the United States, totaling over $16 billion. This funding aims to support these institutions in their mission to enhance educational opportunities and economic mobility for students from low-income backgrounds and first-generation college attendees.
According to U.S. Secretary of Education Miguel Cardona, "Hispanic-Serving Institutions turn American dreams into reality every day, enrolling 30 percent of all Pell Grant recipients nationwide and preparing high numbers of first-generation college students for great careers and brighter futures." He emphasized that the administration's investment reflects a commitment to equity and excellence in higher education.
The funding includes more than $13.2 billion in COVID relief funds, which have been crucial for keeping students enrolled during the pandemic. These funds also contributed to making college more affordable by providing emergency grants, discharging student debt, and improving access to technology.
Additionally, over $3.3 billion from the Department of Education’s grant programs have supported initiatives aimed at increasing Latino representation in STEM fields, enhancing educational attainment among Latino students, and preparing diverse teachers for underserved schools.
In July, President Biden issued an Executive Order focused on advancing equity at HSIs by strengthening their capacity to deliver quality education.
The breakdown of funds by state reveals significant allocations across various regions. For instance, California received approximately $6.39 billion in total funding, while Texas was allocated around $3.42 billion.
