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Obama to increase funding to HBCUs

10:53 AM on 02/01/2010

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President Obama's administration has agreed to increase funding to the nation's historically Black colleges and universities.

In the President's 2011 fiscal year budget he calls for an increase of $98 million for HBCUs nationwide.

The administration is also said to be looking to increase Pell Grants and double Perkins loans and tuition tax credits...