The struggle for equal access to education has taken a bit of a different turn. At one time in this country, Black students had to overcome the notion of "separate, but equal" public facilities which extended to schools at every level. HBCU's were born out of that tradition as Black folks decided to educate their own.
While all ethnic groups are feeling the pain of skyrocketing costs, economic disparities are making it more difficult for Blacks to pay for college--even at historically Black colleges and universities. Black families earn less than Whites, so higher numbers of students must borrow more money in their quest for a degree.
Making matters worse, Black students graduate with more debt and generally earn less than their peers. They also have a much higher rate of student loan default. Financially, this reality does nothing to break the cycle of poverty nor does it position Black families to build wealth. The student loan crisis will likely get worse before it gets better, so what is a bright, young, Black student supposed to do?
To help close the gap, more and more private funders are establishing scholarship programs for students who attend HBCU's. These funders offer merit-based scholarships and grants to deserving students who might not otherwise be in the position to attend the schools of their choice. Find listed below some well-known organizations, but you may also consider visiting FastWeb.com to see a list of other scholarship programs available.