History
In 2008, Congress authorized a program to specifically offer financial support to PBIs. It defined PBIs as having: at least 1,000 undergraduate students; an undergraduate enrollment that is at least 50% low-income or first-generation; an undergraduate enrollment that is at least 50% degree-seeking; a low expenditure per full-time undergraduate student in comparison with other institutions offering similar instruction; and at least 40% of enrolled students identifying as Black Americans.
