Scholarships for Historically Black Colleges and Universities

Ilana Hamilton
By
Updated on September 14, 2023

HBCUs in Communities

HBCUs can be a critical part of the community. HBCUs provide a solid education for students in the community. A 2014 study commissioned by UNCF found that HBCUs have a total economic impact of $14.8 billion. This includes money spent in the community and after graduation. The same study found that over 134,000 jobs were generated by HBCUs and their graduates in local and regional communities. HBCUs are a core part of the community, and they help students succeed after graduation. In 2014 50,037 HBCU graduates were expected to make $130 million over their lifetime, ultimately helping the economy and communities.

HBCU Notable Donations

HBCUDonors
Johnson C. Smith UniversityDavid and Nicole Tepper ($250,000); Bernard Smith ($11,000); Wells Fargo ($1 million)
Morehouse CollegeEstate of Dr. Eugene McGowan, Jr. ($4.6 million); MacKenzie Scott ($20 million); Patty Quillin and Reed Hastings ($40 million)
Spelman CollegeMacKenzie Scott ($20 million); Patty Quillin and Reed Hastings ($40 million); Ronda Stryker and William Johnston ($30 million)
Howard UniversityKarsh Family Foundation ($10 million); Bloomberg Philanthropies ($31.7 million)

HBCU Resources

The following guides offer further information for students applying to or attending HBCUs and other minority-serving colleges and universities. We provide advice and rankings to help students learn more about these schools, explore topics such as multiculturalism on campus, find Black and minority scholarships, and navigate the scholarship application process.

Related articles that may interest you

Best Affordable Online Associate Degrees 2025

Best Affordable Online Associate Degrees 2025

Affordable online associate degrees prepare you for entry-level careers and further studies. Popular degree choices include business, nursing, and more.

James M. Tobin

by James M. Tobin

Updated April 24, 2025

Accelerated Online Associate Degree Programs

Accelerated Online Associate Degree Programs

An accelerated associate degree lets students take an increased course load and graduate faster. Accelerated programs appeal to professionals looking to quickly increase their job options and salary potential. Military students and those seeking employment in healthcare or business may find particular value in accelerated degrees online. Earning a fast track associate degree online offers …

Reese Lopez

by Reese Lopez

Updated June 23, 2023