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Document Number: 7215

Capital Financing: Department Management Improvements Could Enhance Education's Loan Program for Historically Black Colleges and Universities - Historically Black Colleges and Universities (HBCU), which number around 100, undertake capital projects to provide appropriate settings for learning, but many face challenges in doing so. In 1992, Congress created the HBCU Capital Financing Program to help HBCUs fund capital projects by offering loans with interest rates near the government’s cost of borrowing. The Government Accountability Office (GAO) reviewed the program. Also available are report highlights (United States Government Accountability Office, October 2006) ...

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