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Facebook Florida A & M University will get $111 million in debt forgiveness as part of a COVID-19 relief package passed by Congress yesterday. The Historically Black College and University Capital Financing Program gives low-cost loans to HBCUs. But a study done by the U.S. Government Accountability Office in 2018 found two HBCU’s defaulted on their loans, and 29% of program’s loans were late in 2017. The program’s website says 86 loans are still outstanding. But that could be changing if President Trump signs a COVID-19 relief package passed by Congress last night. In the package, HBCU’s will have their program debts forgiven. Florida A & M University will be on the list to receive funds. The college took out $125,700,000 to construct FAMU Towers, build a new dining hub, an electrical power plant and pay for maintenance costs and refinance other debt.

United statesLarry robinsonGibbs hallAndrew skerrittFloridaam universityUniversity capital financing programUs government accountability officeHistorically black collegeAccountability officePresident trumpPresident larry robinsonStudent successஒன்றுபட்டது மாநிலங்களில்லாரி ராபின்சன்கிப்ஸ் மண்டபம்பல்கலைக்கழகம் மூலதனம் நிதி ப்ரோக்ர்யாம்