Less than 4% of all higher education institutions have reached the coveted R1 status. Eleven HBCUs now have the chance to reach it, which would usher in an era of compounding success.

The U.S. has seen a record-high heat wave this summer, and with it, a cluster of turnovers in higher education's top position.

About a fifth of business leaders believe educators are to blame. Ithaca College professor Dr. Diane Gayeski, however, believes they can't be more wrong.

While test scores are no longer a requirement across many institutions, such as the majority of Ivy Leagues, most students would not miss out on a chance to tip the scales in their favor. However, 99% of candidates must face an additional roadblock to their admission: not being sufficiently wealthy.