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MacKenzie Scott's $70M Boost Amid Declining Education Value

10/5/2025

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Summary

Story summary

MacKenzie Scott's $70 million donation to historically Black colleges and universities (HBCUs) underscores the ongoing value of higher education for Black Americans.
Yet 35% view higher education as "very important," down from 53% in 2019, with 49% of people of color still valuing it.
The average annual cost is $38,270, and 90% of HBCU students receive financial aid.

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Story summary

MacKenzie Scott's $70 million donation to historically Black colleges and universities (HBCUs) underscores the ongoing value of higher education for Black Americans.
Yet 35% view higher education as "very important," down from 53% in 2019, with 49% of people of color still valuing it.
The average annual cost is $38,270, and 90% of HBCU students receive financial aid.