Anchored in national longitudinal data analyzed through hierarchical linear and non-linear modeling, this study found that African-American students have a similar probability of obtaining a BA degree whether they attended a historically Black college or university (HBCU) or a historically White college or university (HWCU). Among African-Americans, females are more likely to obtain a baccalaureate degree than males. Especially given that HBCUs are significantly underfunded relative to HWCUs, the findings of this study lend support to the proposition that HBCUs contribute significantly to higher education in this country and merit strong support from both the public and private sectors.