Although HBCUs only comprise 3 percent of American colleges and universities, they account for a quarter of all Black college graduates. Three-quarters of all African-American Ph.D.s did their undergraduate studies at an HBCU, and, according to Cole the total economic impact of the nation’s HBCUs in 2001 was $10.2 billion.
“Last year, Black America was at a tipping point. This year, our community treads water. We tread water because when we look over the horizon, we see thunderstorms, storm clouds and challenges ahead,” Morial said.
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