# The most affordable HBCUs

HBCUs are sorted according to the average cost for students that receive at least $1 in federal aid. To be included on this list, the median student must show a positive return on educational investment, meaning that earnings are greater than they would otherwise be, on average, with just a high school diploma.

**Net cost**: The median annual cost of all students that receive any aid. This does not refer to the “sticker price”, the price listed by the college.

**Earnings**: The median earnings of all bachelor-level students 10 years after enrollment. This includes both students that do and do not graduate, across all majors.

**Payback**: The amount of time in years it takes to pay off the median net cost by the median earnings. For this calculation, the median earning of high school graduates (in the school’s home state) are deducted from the median earnings.

**Earnings plus**: The difference between the school’s median earnings and the median earnings for all schools in the same state.

**Rankings**: The ranking order is based on the economic score. The economic score is calculated using a school’s payback and earnings*plus *performance.

#### Elizabeth City State University

Elizabeth City, North Carolina

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earnings*plus.
*

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $6,797

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Schools with a graduation rate in the bottom 50% *in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Fayetteville State University

Fayetteville, North Carolina

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earnings*plus.
*

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $5,662

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Schools with a graduation rate in the bottom 50% *in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### North Carolina A & T State University

Greensboro, North Carolina

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earnings*plus.
*

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $914

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Schools with a graduation rate in the bottom 50% *in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Winston-Salem State University

Winston-Salem, North Carolina

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $3,487

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Norfolk State University

Norfolk, Virginia

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $3,288

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Delaware State University

Dover, Delaware

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $5,630

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Jackson State University

Jackson, Mississippi

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $6,924

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Prairie View A & M University

Prairie View, Texas

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $4,593

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### North Carolina Central University

Durham, North Carolina

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $5,525

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Florida Agricultural and Mechanical University

Tallahassee, Florida

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $2,200

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Bowie State University

Bowie, Maryland

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $5,198

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Mississippi Valley State University

Itta Bena, Mississippi

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $12,368

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### University of Maryland Eastern Shore

Princess Anne, Maryland

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $13,100

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Voorhees College

Denmark, South Carolina

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $13,382

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Dillard University

New Orleans, Louisiana

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $8,928

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Morgan State University

Baltimore, Maryland

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $11,277

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Wiley College

Marshall, Texas

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $12,184

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Lincoln University

Lincoln University, Pennsylvania

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $14,926

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Claflin University

Orangeburg, South Carolina

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $10,960

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#### Grambling State University

Grambling, Louisiana

*plus.
*

Average time in years to *pay back* educational costs.

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

^{Plus}: - $11,981

*in their state* are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.