United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-10-18 monographic deposited born digital 51 p. GA 1.13:GAO-07-64 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-64 P0b002ee180389b18 f:d0764 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-07-64 machine generated eng fdlp REPORT GAOREPORTS-GAO-07-64 GAO-07-64 Aid for education Black colleges Education program evaluation Federal funds Higher education Internal controls Loans Program evaluation Program management Capital improvements Executive agency oversight Dept. of Education HBCU Capital Financing Program Other Written Product A62305 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. We reviewed the program by considering (1) HBCU capital project needs and program utilization, (2) program advantages compared to other sources of funds and schools' views on loan terms, (3) the Department of Education's (Education) program management, and (4) certain schools' perspectives on and Education's plan to implement loan provisions specifically authorized by Congress in June 2006 to assist in hurricane recovery efforts. To conduct our work, we reviewed applicable laws and program materials and interviewed officials from federal agencies and 34 HBCUs. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-64/html/GAOREPORTS-GAO-07-64.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-64/pdf/GAOREPORTS-GAO-07-64.pdf GAO-07-64 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-64 Other Written Product GAO-07-64; Capital Financing: Department Management Improvements Could Enhance Education's Loan Program for Historically Black Colleges and Universities; Aid for education Black colleges Education program evaluation Federal funds Higher education Internal controls Loans Program evaluation Program management Capital improvements Executive agency oversight Dept. of Education HBCU Capital Financing Program