HBCUs with the Highest Payoff for Black Students
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Posted By: Kennedy Williams on March 03, 2022 Many students know they want to attend an HBCU long before it comes time to apply. The benefits of attending an HBCU are abundant — they're known for their diverse and inclusive student bodies, strong campus communities, supportive learning environments, and of course, their crucial role in Black history and American history. HBCUs are also known for the positive financial impacts they offer. Most serve a higher rate of students receiving the Pell Grant than other schools, and many are recognized for the value they provide to lower-income students by boosting them into higher income brackets. There are a lot of important factors to consider when evaluating how well a college serves its community. How much a school costs, the economic makeup of its student body, acceptance rates, loan default rates, and earnings data are all critical pieces of the puzzle when assessing college value. This helps paint a clearer picture of who is attaining an education at that school and whether or not their degree was worth the financial burden of tuition. To highlight which HBCUs offer the highest payoff, we looked at median earnings by college and compared it to the state salary threshold, which is the median salary for Black graduates in the state with the same level of education. Comparing median earnings at HBCUs to other Black graduates in the state helps to highlight the value each college provides to the communities they serve and also accounts for racial inequities in the labor market that negatively impact salaries for Black college graduates. Accounting for the location of the school is also important given most HBCUs are located in southern states where median earnings are lower overall. Key Findings: *Xavier University in LA tops the list - alumni earn more than $15K over the median salary for Louisiana *All-male and all-female HBCUs in Georgia offer higher salaries - Morehouse College grads earn almost $4K more and Spelman College alumnae earn over $9K more than other grads *Georgia, Louisiana, and Tennessee are each home to two of the HBCUs with the highest economic return To view the full list, check out the Online U article from Taylor Nichols SOURCE: Online U If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Kennedy Williams
From Loganville, GA Spelman College class of 2020 Member Since July 2016 |
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