Researchers have asserted that historically Black colleges and universities (HBCUs) have theoretically emerged from a social contract between emancipated Blacks and America. Although these institutions have facilitated access to higher education, they have been neglected and underfunded compared to their historically White counterparts. Notwithstanding their significance, fewer African Americans are accessing these institutions, prompted by governmental initiatives, such as financial aid, the Civil Rights Act of 1964, and affirmative action. As affirmative action seems to face demise, a mass of Black students may rely on HBCUs to access higher education. As such, HBCUs should advocate for funding equity to better serve the plausible influx of students and to reaffirm the social contract from which they originated.