Tom Junod raised this issue in a recent article in Atlanta magazine, entitled "Are Black Colleges Necessary?"
In the next 20 or 30 years, even the most ardent supporters of black higher education acknowledge that many black colleges and universities will go out of business, lose their accreditation, or lose their identities in mergers. In some quarters, their passing will be regarded as a tragedy; in others, as a healthy development, a case of the weak dying to make way for the strong. Already, the competition for scarce resources has rekindled the debate between those who see black colleges as tools ensuring black opportunity, and those who see them as vehicles for promoting black excellence. (mind you, this was written in '88).
Kenneth Clark, the psychologist who was one of the key witnesses before the Supreme Court in the Brown v. Board of Education case, has addressed this issue of resources.
Black colleges can no longer be accessories to American racism by being content to provide black students with a second-class education which is "good enough for blacks." Nor can we continue to imitate blindly the traditional rigidities of white colleges. To do so will merely reinforce the racist hypocrisies, the frauds, the normative dishonesties inherent in the designation and present realities of "black" and "white" colleges, and "black" and "white" education.
source: Shannon, David T. "Historically Black colleges : a religious vision." Religion and Intellectual Life 5.4 (1988): 34-46. ATLA Religion Database with ATLASerials. EBSCO. Web. 27 Mar. 2011.