It's a shame that HBCU's weren't able to keep the top tier athletes at their schools. PWI came in and scooped them up and it's been on a decline ever since.
Being in Tallahassee, it's pretty crazy seeing the difference between FSU and Famu. You got FSU snapping up property for all kinds of apartment complexes. Plus that booster money is crazy, which leads to my second point.
Alumni support for HBCU's isn't all that great, at least not monetary wise.
Not only that, from what I hear a lot of HBCU's aren't that great when it comes to handling business. I can't speak on all of them, but as someone who is familiar with Famu, I know that Fam has had its fair share of problems.