Special Edition
December 22, 2020
Tel: 404-874-0555
HBCU Debts Forgiven
The latest stimulus bill signed by President Trump includes loan forgiveness for HBCUs.  Key provisions:

■ Forgive nearly $1,300,000,000 in federal loans under the HBCU Capital Financing Program. (See page 2593 of the bill.)

■ End the exclusion of drug-offenders from the Pell Grant eligibility. 


■ Restore Pell grant eligibility for incarcerated persons. 

Shorten the federal financial aid application (FAFSA) to 36 questions.


■ Provide funds directly to states for education (governor's relief fund).


■  Allocate $300,000 to improve research and education through the public and land-grant universities.


■ Invest in broadband access for students, families, the unemployed, and those in rural areas.  

Information is more important now than ever before. As always, WPG is available to help. Call 404-874-0555 to speak with our managing associate or email us at don@wpg-inc.com.

Disclaimer: The information in this email is not and is not intended to constitute tax, accounting, or legal advice. It has been prepared and distributed for informational purposes only and is provided without warranty or guarantee as to its accuracy, suitability, or efficacy. You should consult your tax, accounting, and legal advisor(s) before engaging in any transactions or policy modifications or making any operational or managerial decisions. Additionally, the information provided herein may not constitute the most up-to-date information. Links to third-party websites are provided for your convenience. They neither indicate our endorsement of another website's content nor their endorsement of our publication. Opinions expressed by the authors are their own.

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