It was back in September 2012 when President Obama awarded $226 million to perpetually failing/underperforming/anemic/woeful (insert your desired synonym for "sucking") Historical Black Colleges and Universities.
|Obama's Department of Education distributed $228 million in grants to 97 HBCU in 2012... while white college graduates work to repay student loan debt, the same Department of Education worked to help blacks who attended HBCU's and have the same type of debt...|
You know, those centers of world-class education providers known as HBCUs.... [Obama White House awards HBCUs, but how will the money be managed?,The Grio, by David Love, 9-20-2012]
It was only a few years again when NASA gave one of the HBCUs worst performing institutions, Morgan State, a $28.5 million grant (out of a five-year plan to give $95.8 million).
Yes, the NASA Goddard Space Flight Center gave more than a quarter hundred-million dollars to a school whose admission requirements demand first time freshmen have had a high school GPA of at least 2.0; an 850 SAT (combined critical reading and math); or a 17 on their ACT.
Now the good people at Judicial Watch have uncovered the Obama Administration's stalwart policy of judging people (and institutions) entirely by the color of their skin.
Content of character?
If we judged HBCU's by the "content of character" displayed by their board of trustees and administrators, every one of them would shut down immediately (and every degree they awarded would be voided).
What was it Judicial Watch uncovered?[
The federal government violates its own student loan rules and wastes hundreds of millions of dollars to subsidize perpetually failing black colleges, including the alma mater of pop star Michael Jackson’s criminally-convicted doctor, a Judicial Watch investigation has found.
The institutions are known as Historically Black Colleges and Universities (HBCU) and JW’s probe has uncovered documents that show American taxpayers are being forced to fund them even when their accreditation has been stripped, they have dismal graduation rates and rank among the nation’s worst medical schools. For instance, Meharry Medical College (where the late Jackson’s physician, Conrad Murray, got his degree) is renowned for producing an alarming number of inept doctors along with third-world institutions like Manila Central University in the Philippines and the Autonomous University of Guadalajara in Mexico, according to records obtained by JW.
Yet the government continues giving it—and other troubled black colleges—large sums of money in the form of low-interest “loans” that are usually defaulted. This is done through the Historically Black College and University Capital Financing Program and it’s proven to be a massive boondoggle. Obtained from a variety of government sources—including the U.S. Treasury and the Department of Education—the files accessed by JW show that the scandalous investment is not only fleecing taxpayers, it’s also breaking rules created by the Obama administration under a 2010 measure that replaced student loans by private lenders with direct loans by the U.S. government.
Once its own money was in the game, the government decided that student loan lending rules were too loose and default rates were too high. In October 2011, the Department of Education quietly changed underwriting criteria for the transactions, known as PLUS student loans. Those criteria are still pretty low (“prospective borrowers can’t have any current accounts more than 90 days delinquent, or any foreclosures, bankruptcies, tax liens, wage garnishments or defaults within the past five years. But the department doesn’t look at prospective borrowers’ incomes or their current debt load, meaning that poor borrowers with little or no credit history can be approved”), but still resulted in a 10% increase in the denial rate.
Historically black colleges and universities were most adversely impacted by the new credit standards and HBCU officials as well as African American community leaders lobbied the Education Department to change the standards. Education Secretary Arne Duncan apologized about the unintended effect on black colleges but publicly maintained that “our department is required to carry out the law as it was designed to protect parents and taxpayers against unaffordable loans.” Duncan did admit that that the process could have been handled better and that internal and external communications were “poor,” according to a mainstream newspaper.
Behind the scenes his agency quickly circumvented those “laws to protect parents and taxpayers.” In fact, Duncan sent a letter to the Congressional Black Caucus regarding the impact that the new loan rules were having on HBCUs stating that the Department had “used [its] authority to consider ‘extenuating circumstances’ as a method to provide immediate relief for many students, which allowed previous PLUS loan recipients and applicants whose adverse credit determinations were based on a ‘de minimis’ amount of debt to obtain a loan through the reconsideration process.”
The agency has used the accommodation to provide near-blanket approvals for PLUS loan applications from previous recipients, according to the records obtained by JW. This academic year, about a third of the applicants from historically black colleges denied this year were eligible to appeal. Of those, 38 percent, or just over 8,000 applicants, filed for reconsideration. Virtually all of them—98.5 percent—were then approved for a PLUS loan, the records show.
So why does the government continue pouring enormous sums of money into these failing institutions that often can’t even keep their accreditation? The only explanation JW could find among the droves of government records is the Obama administration’s determination of “the importance of HBCUs as a national resource.”
No discernible ROI...
The way things are going, all non-whites will soon be forgiven in repaying their student loan debt, with the 401(k) and retirement savings of white baby boomers and white retirees confiscated to amend this grievous inequity.
What's this return on investment get the US taxpayer, besides an ever-expanding racial achievement gap and black college graduates with a piece of paper full of sound and fury, signifying nothing?
The findings on graduation rates at HBCUs published in the Journal of Black's in Higher Education do the talking for us. [Tracking Graduation Rates at HBCUs, 1-5-2012]:
There is a new color bar in America.The highest Black student graduation rate at the HBCUs is at Spelman College in Atlanta. There, 79 percent of entering students graduate from Spelman within six years. This rate is higher than the Black student graduation rate at many of the nation’s highest-ranked colleges and universities. The Black student graduation at Spelman College is 15 percentage points higher than at any other HBCU in our survey.The Black student graduation rate at Howard University is 64 percent. This ranks Howard second among the HBCUs in our survey. Morehouse College in Atlanta ranks third with a Black student graduation rate of 61 percent.
The only other HBCU in our survey with a Black student graduation rate of more than 50 percent is Hampton University in Virginia. There, 54 percent of entering Black students earn a degree at Hampton within six years.At nearly half the HBCUs in our survey, the Black student graduation rate is 33 percent or lower. At these institutions, less than one third of all entering African American students earned a bachelor’s degree within six years. There are six HBCUs in our survey where less than one in five entering Black students earn a bachelor’s degree within six years.
It favors every shade of black or brown, with those beating the Paper Bag Test allowed to advance to the front of line and have a leadership role in what we've dubbed Black-Run America (BRA).
We could have been on Mars, but we had pour billions of dollars into HBCUs.
The space program produced numerous spin-off technologies and gave us hope for the future of nation.
Investing billions in HBCUs has only produced more empirical evidence in the reality of racial differences, providing more and more reasons to validate the realization our nation has no future.
Save that of Detroit.