Although scholars have examined historically Black colleges and universities (HBCUs) in terms of their educational effectiveness for African American students compared to predominantly white institutions (PWIs), there is a lack of similar research on Hispanic students at Hispanic-serving institutions (HSIs) and PWIs. This study uses data from the 2003 administration of the National Survey of Student Engagement (NSSE) to investigate whether HSIs appear to serve Hispanic students in similar ways that HBCUs serve African American students. The results suggest that the average Hispanic senior at an HSI looks quite similar to the average Hispanic senior at a PWI in terms of engagement, satisfaction with college, and gains in overall development, in contrast to the results for African American seniors who are more engaged at HBCUs than PWIs. (Contains 3 tables.)