By Kanishka Singh

(Reuters) -President Donald Trump’s administration announced plans on Monday to invest $500 million in historically Black colleges and tribal universities, days after ending $350 million in grants to programs for colleges with large numbers of Hispanic students and other minority-serving institutions.

Historically Black Colleges and Universities and Tribally Controlled Colleges and Universities will receive an additional $495 million on top of their anticipated 2025 investment, an increase of 48.4% and 109.3% respectively, the U.S. Education Department said in a statement.

In total, HBCUs will receive over $1.34 billion and TCCUs will receive over $108 million from the department for fiscal year 2025, it added.

The Education Department said the funding “will be repurp

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