Subject: Re: College Compact HBCU Fact Sheet
From: Clay Middleton <[email-masked]>
To: Milia Fisher <[email-masked]>
Cc: John Podesta <[email-masked]>
Date: Thu, 20 Aug 2015 10:09:59 -0400

Will print for him.

v/r
Clay
Sent from my iPhone

On Aug 20, 2015, at 9:23 AM, Milia Fisher <[email-masked]>
wrote:

Vivek just got online and sent this over. I know this is OBE for the first
meetings, but could be helpful for the meetings this afternoon. Copying
Clay who can flag this.

Thanks,
Milia

*Hillary Clinton’s New College Compact *

*Benefits Historically Black Colleges and Universities (HBCUs)*

Historically Black Colleges and Universities play a critical role in our
higher education system. They provide African Americans and other
minorities with a quality education, and increase the chances of social
mobility and economic security for hundreds of thousands of students each
year who have historically faced discriminatory and unequal treatment.

*The role of HBCUs has never been more vital*, graduating the majority of
African American teachers in our country, nearly 1 in 5 African Americans
who earn science and engineering BAs, and more students per year than at
any time in their history. *Predominantly Black Institutions* also play a
critical role and will be *eligible for all of the supports for HBCUs *in
Hillary Clinton’s college plan.

** ** **

Hillary Clinton knows the critical role that HBCUs play in extending
opportunity to underserved students. The New College Compact will *support,
encourage, and reward the HBCUs that help our students succeed* so students
can complete college, without costs being a barrier or debt holding them
back.

For all *public HBCUs*, under the New College Compact students should never
have to take out a loan to earn four-year degrees and will not have to pay
a dime to earn two-year degrees because the plan:

ü     Invests *new federal funds* in states that commit to investing more
in public HBCUs, meaning that HBCUs benefit from additional federal as well
as state support under her plan.

ü    Invests more funds when public schools enroll low- and middle-income
students, meaning that HBCUs, which play a key role in educating
underserved students, will be eligible for *proportionally more support*.

ü     Ensures that Pell recipients at these public HBCUs can direct their *full
Pell funding* toward living expenses.

For all *private HBCUs*, Clinton’s plan:

ü     Creates a *dedicated $25 billion fund* to provide support to private
nonprofit schools that serve low- and middle-income students and help them
build the skills they need, of which private HBCUs are a prime example.

This plank in Clinton’s plan was inspired by the *America’s College Promise
Act*, introduced in Congress in July by Rep. Bobby Scott, which is designed
to create new pathways to four-year degrees at HBCUs as well as other MSIs.
The new funds help the schools *lower attendance costs and implement
supports to improve student outcomes*. Clinton knows that private HBCUs
serve an important public mission, and that’s why she makes a significant
commitment to these schools in her plan.

And for *all *HBCUs, both public and private, Clinton’s plan

ü     *Significantly cuts the interest rates* that students pay on any
loans they take out so that the government never profits on the loans.

ü     Enables students with debt to *refinance* *their loans at low current
rates*. *Parents with PLUS loans* will also be able to refinance at current
rates.

ü     *Extends the American Opportunity Tax Credit* with its $1,000
refundable credit to low-income families sending their sons and daughters
to these schools.

ü     Ensures that parents who borrow through the *Parent PLUS* program
will not have to take out such high levels of debt in order to send their
children and grandchildren to these schools.

ü     Enables students *never to have to repay more than 10 percent* of
their monthly income.

ü   Builds on programs such as TRIO and GEAR UP to *invest in student
support*, including child care for students who are parents, to help all
students stay in school and boost completion.

-- 
Milia Fisher
Special Assistant to the Chair
Hillary for America
[email-masked]
o: 646.854.1198 c: 858.395.1741