Rankings / HBCU

Most Affordable HBCUs

By David Krug, Co-Founder, CollegeRanker · Updated 2026-05-31 · 50 schools · Agent Insights

Schools Analyzed

$38,195

Avg. Earnings (10yr)

32%

Avg. Graduation Rate

$11,527

Avg. Net Price

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When considering an education at a Historically Black College or University (HBCU), affordability is often a top concern for students and families. With net prices that can significantly influence a student's financial future, many are looking for options that won’t leave them burdened by debt. On this list, we explore the most affordable HBCUs, highlighting institutions that provide solid value for the investment.

The schools featured here stand out not just for their low net prices but also for their outcomes in areas like graduation rates, earnings potential, and student debt. The average earnings of graduates from these institutions is $38,112, while the average graduation rate is 32%. This data emphasizes the importance of choosing an HBCU that balances affordability with long-term value, ensuring that students are better positioned for financial stability post-graduation.

Take Elizabeth City State University and Le Moyne-Owen College as examples. Elizabeth City State boasts $40,026 in average earnings with a 46% graduation rate, while Le Moyne-Owen graduates earn $35,594 and have a lower graduation rate of 26%. These differences illustrate how financial outcomes can vary widely even among affordable options, guiding students to consider not just costs but also potential returns on their investment.

Key Findings

Elizabeth City State University graduates earn an average of $40,026, the highest in this group.

Le Moyne-Owen College has a lower graduation rate of 26%, impacting long-term outcomes.

The average debt burden for graduates in this list is $21,463, making financial planning essential.

Kentucky State University has a net price of $8,040, one of the higher amounts among these affordable options.

Quick Numbers

Schools ranked 50

Avg. earnings at 10yr $38,195

Avg. graduation rate 32%

Avg. net price $11,527

Avg. median debt $26,108

How We Ranked

HBCUs ranked by net price and value

Read our full methodology →

Earnings vs. Cost

Each dot is a ranked school. Up = higher earnings. Right = higher cost. Top-left is the best value.

Graduation Rates

Longer bars = higher graduation rate.

Top 3

Elizabeth City State University

Elizabeth City, NC

Graduation46%

Earnings$40,026

Net Price$6,364

View full profile →

Fayetteville State University

Fayetteville, NC

Graduation37%

Earnings$40,144

Net Price$7,892

View full profile →

Kentucky State University

Frankfort, KY

Graduation30%

Earnings$36,382

Net Price$8,040

View full profile →

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Full Rankings

Elizabeth City State University

Elizabeth City, NC · 1,975 students · Public

Located in Elizabeth City, North Carolina, this public university serves nearly 2,000 students and has a welcoming acceptance rate of 64%. The institution emphasizes access and opportunity, with 54% of its students receiving Pell Grants, indicating a strong commitment to supporting low-income families.

64% accepted 46% graduate $40,026 earnings

Elizabeth's full profile

Fayetteville State University

Fayetteville, NC · 5,762 students · Public

Fayetteville State University, located in Fayetteville, North Carolina, is home to over 5,700 students and boasts an acceptance rate of 82%. This public university is dedicated to fostering a supportive environment for a diverse student body, with 57% of students receiving Pell Grants, highlighting its mission to aid low-income individuals.

82% accepted 37% graduate $40,144 earnings

Fayetteville's full profile

Kentucky State University

Frankfort, KY · 1,309 students · Public

With a welcoming 96% acceptance rate, Kentucky State University in Frankfort is an accessible choice for many students. Despite a graduation rate of 30%, those who do finish have a median earning of $36,382 after ten years, suggesting that a degree can lead to meaningful employment, especially for the diverse student body that includes a significant percentage of Pell Grant recipients at 58%.

96% accepted 30% graduate $36,382 earnings

Kentucky's full profile

Le Moyne-Owen College

Memphis, TN · 581 students · Private nonprofit

In the heart of Memphis, Tennessee, Le Moyne-Owen College is a private nonprofit institution that focuses on providing an inclusive educational environment for its 581 students. With a 99% acceptance rate, it opens its doors to a diverse range of applicants, making it a place where many can find their academic home.

99% accepted 26% graduate $35,594 earnings

University of the Virgin Islands

Charlotte Amalie, VI · 1,518 students · Public

Set against the beautiful backdrop of Charlotte Amalie, the University of the Virgin Islands serves around 1,500 students and embraces an acceptance rate of 99%. This public university aims to create a vibrant learning community while providing access to higher education for a broad range of students, including 49% who receive Pell Grants.

99% accepted 28% graduate $38,681 earnings

University's full profile

Gadsden State Community College

Gadsden, AL · 3,548 students · Public

Gadsden State Community College in Alabama has a graduation rate of 35%, which is encouraging, especially considering its supportive environment for a diverse student population. With median earnings of $32,937 after ten years, students can find value in the education they receive, which aims to equip them with practical skills for the workforce.

35% graduate $32,937 earnings

Gadsden's full profile

St Philip's College

San Antonio, TX · 12,914 students · Public

St. Philip's College in San Antonio stands out with its commitment to affordability, reflected in its low net price of just $4,273. Despite a graduation rate of 28%, the potential for future earnings is promising, with median earnings at $38,224 after ten years. This makes it a strong option for those eager to jumpstart their careers without incurring overwhelming debt.

28% graduate $38,224 earnings

Mississippi Valley State University

Itta Bena, MS · 1,439 students · Public

With a 92% acceptance rate, Mississippi Valley State University welcomes a diverse array of students looking for an accessible higher education option. While the graduation rate sits at 24%, the school supports many Pell Grant recipients, indicating a commitment to low-income students and their success in navigating college life.

92% accepted 24% graduate $31,919 earnings

Mississippi's full profile

Wiley University

Marshall, TX · 712 students · Private nonprofit

In Marshall, Texas, Wiley University offers a unique experience for students looking for a smaller, private nonprofit environment. While the graduation rate is 22%, the focus is on a personalized education that can lead to a solid median earning of $33,159 after ten years. The community at Wiley often thrives in an intimate setting, where faculty can provide individualized attention to help students succeed.

22% graduate $33,159 earnings

North Carolina A & T State University

Greensboro, NC · 12,182 students · Public

With over 12,000 students, North Carolina A & T State University is a vibrant public institution in Greensboro, NC. The student body is diverse, with 52% of students receiving Pell Grants, indicating strong support for those from low-income backgrounds. This school has a solid reputation in engineering and agriculture, making it an appealing option for students interested in those fields.

50% accepted 56% graduate $44,440 earnings

Savannah State University

Savannah, GA · 2,833 students · Public

Savannah State University offers a warm coastal environment that supports an inclusive educational journey. Although the graduation rate is 27%, the university serves a high percentage of Pell Grant recipients at 68%, reflecting its commitment to accessibility and support for low-income students as they pursue their degrees.

27% graduate $37,981 earnings

Savannah's full profile

#12

Fort Valley State University

Fort Valley, GA · 2,684 students · Public

Fort Valley State University is characterized by a graduation rate of 43%, indicating a strong support system that helps students reach their academic goals. Located in a nurturing environment, the university has a 73% Pell Grant recipient rate, which highlights its commitment to fostering success for low-income students.

66% accepted 43% graduate $36,666 earnings

Bishop State Community College

Mobile, AL · 2,437 students · Public

Bishop State Community College serves as an essential educational hub in Mobile, AL, with around 2,437 students. This school is a gateway for many students looking to gain skills and credentials that lead to better job opportunities. Its commitment to accessibility is highlighted by the fact that 39% of its students receive Pell Grants, indicating a focus on supporting those in need.

31% graduate $29,916 earnings

Bishop's full profile

#14

Coppin State University

Baltimore, MD · 1,844 students · Public

Coppin State University is a vibrant community in Baltimore with a strong focus on student engagement and support. With a graduation rate of 26%, the university encourages persistence amid challenges, particularly for its 54% of students receiving Pell Grants, showcasing a dedication to helping low-income students succeed.

46% accepted 26% graduate $46,490 earnings

Coppin's full profile

#15

West Virginia State University

Institute, WV · 1,321 students · Public

West Virginia State University, located in Institute, WV, has a welcoming atmosphere for around 1,321 students. With a notably high acceptance rate of 96%, it opens the door for many aspiring students. The university's diverse programs cater to a variety of interests and career paths, making it a solid choice for those looking to explore their options.

96% accepted 36% graduate $40,492 earnings

Lawson State Community College

Birmingham, AL · 2,900 students · Public

Lawson State Community College in Birmingham, AL, has a diverse student body of approximately 2,900 students. With a focus on community and accessibility, 60% of students benefit from Pell Grants. The college offers programs that cater to students looking to enter the workforce quickly, making it a strong option for those wanting to gain practical skills.

26% graduate $31,701 earnings

Lawson's full profile

#17

University of the District of Columbia

Washington, DC · 3,351 students · Public

The University of the District of Columbia serves a diverse population in the heart of Washington, D.C., with approximately 3,351 students. With a graduation rate of 30% and a focus on accessibility, the school supports about 36% of its students through Pell Grants, aiming to create pathways to degree completion for all its students.

30% graduate $44,236 earnings

University's full profile

#18

Jarvis Christian University

Hawkins, TX · 577 students · Private nonprofit

Located in Hawkins, Texas, Jarvis Christian University is a smaller private nonprofit school with a tight-knit community of around 577 students. The university serves a diverse population, with 59% of its students receiving Pell Grants, indicating a commitment to supporting lower-income individuals in their pursuit of education.

15% graduate $32,992 earnings

Jarvis's full profile

#19

University of Arkansas at Pine Bluff

Pine Bluff, AR · 1,807 students · Public

With a diverse student body of 1,807, the University of Arkansas at Pine Bluff is a vibrant hub for students seeking a supportive environment. A significant 70% of its students receive Pell Grants, highlighting the institution's commitment to making higher education accessible to those from lower-income backgrounds.

41% accepted 40% graduate $35,550 earnings

University's full profile

#20

Harris-Stowe State University

Saint Louis, MO · 960 students · Public

Harris-Stowe State University in Saint Louis, Missouri, is a public institution with a welcoming atmosphere for around 960 students. With 74% of the student body receiving Pell Grants, the university focuses on making higher education accessible to a diverse range of individuals, particularly those from lower-income backgrounds.

28% graduate $31,088 earnings

Harris-Stowe's full profile

#21

Lane College

Jackson, TN · 736 students · Private nonprofit

Lane College, located in Jackson, TN, is a close-knit private nonprofit institution with 736 students. With 79% of students receiving Pell Grants, it focuses on making education attainable for those who may need financial assistance to succeed.

18% graduate $31,670 earnings

Bethune-Cookman University

Daytona Beach, FL · 2,732 students · Private nonprofit

Bethune-Cookman University in Daytona Beach, Florida, has a rich history and a vibrant campus life for its 2,732 students. An impressive 78% of incoming students receive Pell Grants, reflecting the school’s dedication to providing opportunities for those who may need financial assistance to succeed.

88% accepted 29% graduate $38,518 earnings

Bethune-Cookman's full profile

#23

Central State University

Wilberforce, OH · 2,620 students · Public

Central State University in Wilberforce, OH, is a public university with a diverse enrollment of 2,620 students. Known for its accessibility, the school enjoys a 99% acceptance rate and serves a large population of Pell Grant recipients, reflecting its mission to support students from various backgrounds.

99% accepted 24% graduate $33,267 earnings

Central's full profile

#24

Langston University

Langston, OK · 1,742 students · Public

Langston University, set in Oklahoma, may be a fitting choice for students who prioritize affordability and community. Though it has a graduation rate of only 17%, the university is dedicated to supporting its students, with 68% receiving Pell Grants that help reduce financial barriers to education.

17% graduate $33,261 earnings

Langston's full profile

#25

Winston-Salem State University

Winston-Salem, NC · 4,170 students · Public

With a vibrant campus in Winston-Salem, this public university is home to around 4,170 students and has an acceptance rate of 78%. The community here is diverse, with 65% of the student body receiving Pell Grants, reflecting a commitment to accessibility and support for students from varying backgrounds. The school's graduation rate is currently at 48%, indicating that many students find the resources they need to succeed.

78% accepted 48% graduate $45,344 earnings

Winston-Salem's full profile

#26

Alcorn State University

Alcorn State, MS · 2,363 students · Public

With a graduation rate of 51%, Alcorn State University is an institution where a significant number of students successfully complete their degrees. Located in Mississippi, it is especially appealing for those who are seeking an affordable option, with a net price of just $13,265 after aid, making it accessible for many families.

45% accepted 51% graduate $36,421 earnings

Alcorn's full profile

#27

Albany State University

Albany, GA · 5,956 students · Public

With a student body of nearly 6,000, Albany State University in Georgia is a community where many students find their path. Approximately 69% of students here receive Pell Grants, highlighting the university's commitment to supporting those from lower-income backgrounds. This focus can create a nurturing environment, encouraging students to pursue their academic and professional goals.

27% graduate $40,674 earnings

Albany's full profile

#28

Florida Agricultural and Mechanical University

Tallahassee, FL · 7,582 students · Public

Florida Agricultural and Mechanical University, located in Tallahassee, has a proud tradition and a vibrant campus life that attracts a diverse student population. The 21% acceptance rate indicates that the university is selective, suggesting that students here are motivated and prepared for the challenges ahead. With a graduation rate of 53%, students have a solid chance of completing their degree and entering the workforce with valuable skills.

21% accepted 53% graduate $44,349 earnings

Florida's full profile

#29

Rust College

Holly Springs, MS · 467 students · Private nonprofit

Settled in Holly Springs, Mississippi, Rust College caters to a small, tight-knit community of around 467 students. The college has an acceptance rate of 49%, making it a selective choice for those seeking a more personalized education experience. However, the current graduation rate of just 17% raises questions about student support and outcomes, indicating that prospective students should consider their fit with the institution carefully.

49% accepted 17% graduate $32,275 earnings

Virginia Union University

Richmond, VA · 1,203 students · Private nonprofit

Virginia Union University in Richmond, VA, is a private nonprofit with a student body of 1,203. The university's commitment to diversity is reflected in its 98% acceptance rate and a significant percentage of Pell Grant recipients at 69%. This creates a welcoming environment for students from varying financial backgrounds.

98% accepted 39% graduate $38,275 earnings

Virginia's full profile

#31

Livingstone College

Salisbury, NC · 924 students · Private nonprofit

Livingstone College, located in Salisbury, North Carolina, provides a unique environment for students seeking a smaller campus experience with a focus on community. The college has a graduation rate of 26%, indicating that while completing a degree can be challenging, there is a supportive network in place for those who commit to their education.

59% accepted 26% graduate $32,600 earnings

Livingstone's full profile

#32

Delaware State University

Dover, DE · 4,398 students · Public

Delaware State University in Dover is a place of opportunity, emphasizing student success and community engagement. With a student population of around 4,400 and an acceptance rate of 47%, this university is nurturing yet competitive, with a graduation rate of 39% that shows promise for those who commit to their education. The supportive environment helps students from diverse backgrounds thrive as they work towards their degrees.

47% accepted 39% graduate $49,307 earnings

Delaware's full profile

#33

H Councill Trenholm State Community College

Montgomery, AL · 1,674 students · Public

In Montgomery, Alabama, H Councill Trenholm State Community College is an option to consider for those looking to enter the workforce quickly or continue their education at a later stage. With a graduation rate of 16%, the college emphasizes career readiness, preparing students for immediate employment opportunities.

16% graduate $32,183 earnings

Paul Quinn College

Dallas, TX · 620 students · Private nonprofit

Located in Dallas, Texas, Paul Quinn College serves a tight-knit community of around 620 students. With a focus on social justice and leadership, the college emphasizes experiential learning opportunities, empowering students to engage with real-world challenges. This mission is reflected in its 67% Pell Grant recipient rate, highlighting its commitment to accessibility for low-income students.

40% accepted 33% graduate $29,288 earnings

Prairie View A & M University

Prairie View, TX · 8,877 students · Public

Located in Prairie View, Texas, this university has a lively campus with nearly 8,900 students. With an acceptance rate of 79% and 66% of its students receiving Pell Grants, it aims to create an inclusive atmosphere where a diverse group of learners can pursue their education. The graduation rate is currently 43%, which highlights both the challenges and the opportunities available to students here.

79% accepted 43% graduate $45,411 earnings

Prairie's full profile

#36

Southern University at New Orleans

New Orleans, LA · 1,055 students · Public

Southern University at New Orleans offers a distinctive opportunity in the vibrant city of New Orleans, known for its rich culture and music scene. With a smaller student body of 1,055, this school fosters a close-knit atmosphere where every student can find their place and voice.

79% accepted 16% graduate $34,042 earnings

Southern's full profile

#37

Bluefield State University

Bluefield, WV · 1,042 students · Public

Bluefield State University, located in Bluefield, West Virginia, serves a small population of about 1,042 students. With an impressive acceptance rate of 97%, it welcomes a diverse array of applicants, although the graduation rate of 36% suggests that many students may face hurdles in completing their degrees. This school offers a unique chance for students looking to find their footing in a supportive yet challenging setting.

97% accepted 36% graduate $38,217 earnings

Bluefield's full profile

#38

University of Maryland Eastern Shore

Princess Anne, MD · 2,391 students · Public

With a welcoming acceptance rate of 96%, the University of Maryland Eastern Shore is ready to embrace a diverse student body. The school’s location in Princess Anne, MD, provides students with a unique experience, blending academic pursuits with the charm of rural life in the Eastern Shore region.

96% accepted 35% graduate $47,697 earnings

University's full profile

#39

Virginia State University

Petersburg, VA · 5,074 students · Public

With a welcoming acceptance rate of 89%, Virginia State University in Petersburg is an inviting choice for students seeking a supportive environment. The school has a strong focus on serving its community, with 72% of its students receiving Pell Grants, highlighting its commitment to accessibility for students from diverse backgrounds.

89% accepted 40% graduate $45,543 earnings

Virginia's full profile

#40

Lincoln University

Lincoln University, PA · 1,539 students · Public

Lincoln University in Pennsylvania has a proud legacy and serves a diverse student body seeking a supportive academic environment. With a graduation rate of 48%, this school nurtures students who are committed to their education, while also providing ample opportunities for involvement in campus life.

66% accepted 48% graduate $43,167 earnings

Lincoln's full profile

#41

North Carolina Central University

Durham, NC · 6,081 students · Public

North Carolina Central University in Durham has a rich history and a strong commitment to community engagement. With 6,081 students enrolled, it promotes diversity and inclusivity, offering a welcoming environment for a wide spectrum of students.

87% accepted 44% graduate $42,968 earnings

Norfolk State University

Norfolk, VA · 5,392 students · Public

Norfolk State University, situated in Virginia, is home to over 5,000 students and embraces a diverse population. With an 88% acceptance rate, it welcomes a wide range of students, making it an accessible option for many looking to pursue higher education in a vibrant urban setting.

88% accepted 36% graduate $44,666 earnings

Norfolk's full profile

#43

Tennessee State University

Nashville, TN · 4,848 students · Public

Tennessee State University, located in Nashville, provides a vibrant atmosphere for its 4,848 students. The university has a strong emphasis on academic excellence and community service, appealing to those who want to make a difference while pursuing their studies.

70% accepted 33% graduate $42,730 earnings

Tennessee's full profile

#44

Morgan State University

Baltimore, MD · 9,019 students · Public

Morgan State University is a key institution in Baltimore, serving a large and diverse student population of over 9,000. With its rich history and vibrant campus life, the university supports students in developing both academically and personally, fostering an environment where they can thrive.

82% accepted 41% graduate $50,698 earnings

Morgan's full profile

#45

Cheyney University of Pennsylvania

Cheyney, PA · 617 students · Public

Cheyney University, nestled in Pennsylvania, is a public institution with a rich history and a commitment to providing opportunities for its students. With a small enrollment of 617 students, it cultivates an intimate atmosphere where faculty and staff are dedicated to student success, even if the graduation rate stands at 24%.

24% graduate $37,837 earnings

Cheyney's full profile

#46

Voorhees University

Denmark, SC · 440 students · Private nonprofit

Located in Denmark, South Carolina, Voorhees University has a close-knit community with just 440 students. This smaller setting can foster strong relationships between faculty and students, which may lead to a more personalized education experience and support system.

40% graduate $35,339 earnings

Voorhees's full profile

#47

Philander Smith University

Little Rock, AR · 751 students · Private nonprofit

Located in Little Rock, Arkansas, Philander Smith University is a private nonprofit institution that may appeal to students looking for a close-knit community. With 68% of its students receiving Pell Grants, the university emphasizes support for those who need financial assistance, contributing to a diverse and inclusive campus environment.

31% graduate $38,427 earnings

Philander's full profile

#48

Stillman College

Tuscaloosa, AL · 706 students · Private nonprofit

With a campus in Tuscaloosa, Stillman College is home to around 706 students, fostering a close-knit community that emphasizes personal growth and academic support. About 76% of the student body are Pell Grant recipients, highlighting the college's commitment to accessibility for students from diverse economic backgrounds. This institution is dedicated to providing an educational experience that prepares students for success in their careers and lives.

62% accepted 32% graduate $35,421 earnings

Stillman's full profile

#49

Texas Southern University

Houston, TX · 6,844 students · Public

97% accepted 21% graduate $38,924 earnings

Miles College

Fairfield, AL · 1,155 students · Private nonprofit

Miles College in Fairfield, Alabama, offers a unique blend of academic rigor and community engagement. With a focus on serving its students, the college has a smaller student body of 1,155, allowing for personalized attention, but it faces challenges with a graduation rate of only 20%. This could be an important factor for students considering their long-term goals.

20% graduate $32,627 earnings

While reviewing the data, one pattern stands out: Elizabeth City State University not only has the highest earnings at $40,026 but also a graduation rate of 46%, outperforming Le Moyne-Owen College, which has $35,594 in earnings and only a 26% graduation rate. This disparity highlights how critical completion rates can be in determining overall financial success after college.

Now that you've seen the rankings, how do you apply this information? It’s important to weigh these metrics against your personal priorities. Consider factors such as location, desired programs, campus culture, and your financial situation. A school with a slightly higher net price might offer better career support or networking opportunities, which could be worth the investment.

This data paints a clear picture of the financial journey ahead for many families. Deciding on the right HBCU can significantly impact a student’s path to financial stability. For one family, choosing Elizabeth City State University could mean a stronger return on their investment, while another might prioritize a different school for its unique offerings. Every decision counts in shaping a successful future.

Data Sources

U.S. Dept of Education College Scorecard

Opportunity Insights Mobility Report Card

Social Capital Atlas

Times Higher Education World Rankings

NCES IPEDS

Sources & Citations

[1]

U.S. Department of Education. College Scorecard Data. Federal Student Aid, National Center for Education Statistics. →

[2]

National Center for Education Statistics. Integrated Postsecondary Education Data System (IPEDS). →

David Krug

Co-Founder, CollegeRanker

David Krug is the co-founder of CollegeRanker and a data systems architect focused on making institutional research accessible to families. He builds the data pipelines and ranking algorithms that power CollegeRanker, drawing from federal datasets and Raj Chetty's Opportunity Insights research to measure what traditional rankings ignore: whether a college actually changes a family's economic trajectory.

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