Forbes Magazine released its first ranking devoted exclusively to historically Black colleges and universities, (HBCU) recognizing 20 HBCUs that the publication says provide strong outcomes for their graduates.

The list is divided evenly between private and public institutions. Howard University earned the No. 1 position among private HBCUs, while North Carolina A&T State University led the public-school ranking.Spelman College, Morehouse College, Xavier University of Louisiana and Hampton University completed the top five among private institutions. They were followed by Tuskegee University, Fisk University, Talladega College, Clark Atlanta University and Tougaloo College.

Florida A&M University ranked second among public HBCUs, followed by Prairie View A&M University, Morgan State University and the University of the Virgin Islands. Tennessee State University, Bowie State University, Winston-Salem State University, Elizabeth City State University and Delaware State University rounded out the public top 10.

The Forbes ranking focuses largely on student outcomes and return on investment. Its measurements include graduation and retention rates, alumni earnings and student debt. Schools also receive additional consideration for producing positive results among students who receive federal Pell Grants.
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