Funding Formulas and HBCUs
Since their inception, Historically Black Colleges and Universities (HBCUs) have done more with less, operating in an environment of fewer resources to educate underserved populations, including low-income and first-generation students.

Today, HBCUs represent less than 3 percent of the nation's 4,000-plus post-secondary institutions but produce 25 percent of African-American students who earn undergraduate degrees each year.

According to a report by the US Department of Education, the economic impact (based on four indicators, including total labor income and employment) of the nation’s 103 HBCUs was $102 billion in 2001 In terms of revenues, HBCUs would rank 232nd on Forbes Fortune 500 list of the United States largest companies. (Source: US Department of Education, Economic Impact of Nation’s Black Colleges and Universities, 2006)

Despite a history of success, HBCUs face significant challenges. Most are chronically under funded at the state and federal level.

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