Today, ESSENCE and MONEY Magazine released their list of the “50 Best Colleges for African Americans,” ranking Florida Agricultural and Mechanical University (FAMU) No. 5 among all national universities and colleges and naming FAMU the top historically Black college or university (HBCU) in the nation.
Through their collaboration, MONEY and ESSENCE magazine analyzed more than 1,500 colleges to single out the ones that offer the best value for African-American students. Drawing on the federal data that MONEY compiles for its annual Best Colleges rankings—including graduation rates, net college costs after financial aid and graduates’ early-career earnings—in addition to ESSENCE Magazine’s criteria to evaluate racial climate on each campus, the magazines developed a methodology that factored in graduation rates, affordability, earning potential, and representation.
“This ranking is truly reflective of the caliber of students, faculty, staff, and alumni that make up the FAMU community,” said President Elmira Mangum, Ph.D. “We are pleased to see national and award-winning publications such as MONEY and ESSENCE recognize the work we are doing here on the Hill.”
The list’s top five universities included, Princeton University, Harvard University, Duke University, Cornell University, and FAMU.
To see the comprehensive list of the “50 Best Colleges for African Americans,” click here: http://www.essence.com/2016/04/11/50-best-colleges-african-americans.