Many HBCUs were established in the years following the Civil War to educate Black people. Now, many are seeing an increase in applications.

Students can use the money any way they want, but it could help them reduce debt, and pay for living costs.

Billionaire investor Robert F. Smith paid off their student loans. Now they’re trying to pay their good fortune forward.

The co-founder of Netflix and his wife hope their donations will help “reverse generations of inequality.”

Historically black colleges and universities employ local residents, engage with local businesses and churn out high-earning graduates who stay in the area, the report says.