Finance

While the model has recently drawn fanfare from policymakers, some higher education leaders and the public, others argue that evidence suggests that it will not only not work, but it will also backfire.

After an 8% percent drop off in fiscal year 2022, endowment has surged back, nearly recouping its loss with a 7.7% gain, according to the latest report by the National Association of College and University Business Officers and Commonfund (NACUBO-Commonfund).

It is believed to be the single-largest one-time donation ever granted to an HBCU.

Completion-goals funding will push public higher education and state policymakers to address the region's labor market needs together, in turn boosting graduates' return on investment and improving the economy, according to Complete College America.

In the 2022-23 academic year, around 30% of these schools' alumni donated, compared to the 8% national average, according to data collected by U.S. News & World Report.

The Education Department implemented a "soft launch" of the form on its website last week, but glitches, crashes, and extremely limited available windows have bled past its official launch date and into the new year, and it's yet unclear how long they will last.