An increasing number of Black Americans are questioning if college benefits them. However, some historically Black college and university (HBCUs) graduates are making more than Black grads from other schools in their state.
Many HBCUs offer lower tuition costs, more financial help, and a rich, vibrant and inclusive culture that makes Black students not only feel at home, but when they leave school, it’s not as damaging to their financial futures.
HBCU graduates also wind up with positions that pay more annually than Black graduates from other schools in the same area earn. CNBC identified 10 HBCUs where the average alumni make more than a Black graduate from another school.
1. Xavier University of Louisiana
The New Orleans HBCU has a median salary of $52,582, which is $15,000 more than other Black grads in the state earn.
2. Spelman College
The Georgia HBCU where Stacey Abrams and Bernice King, Martin Luther King Jr‘s daughter, received their higher education, has a median salary of $49,625, which is just under $10,000 more than the average Black graduate makes in the state.
3. Hampton University
Hampton University, which has just joined the CAA, has a median salary of $47,197, about $4,000 more than the average Black graduate salary of $43,180. The HBCU sports several notable alumni, including former Detroit Piston Rick MaHorn and Martin Luther King’s mother, Alberta Williams King.
4. Morehouse College
The liberal arts college based in Atlanta opened in 1867 and has become one of the country’s most known and recognized HBCU schools. It has an average salary of $44,135, about $3,700 more than Black grads in the state make.
5. Florida Agricultural and Mechanical University
Florida A&M or FAMU is the first HBCU on the list not in Virginia, Georgia, or Louisiana and Black alumni have an average salary of $39,700. In contrast, other Black grads have an average salary of $36,074.
The other five schools on the list are Tennessee State University, Fisk University in Tennessee, Tuskegee University, Alcorn State University in Mississippi, and Dillard University in Louisiana.