This exploratory research examined 277 survey responses to assess the influence of race, gender, age, major and parental educational level on the financial knowledge of undergraduate students attending a predominantly Black institution. The overall level of financial literacy was only about 3 correct questions out of 10. Analysis of variance results showed valuable differences in the mean financial literacy scores for all variables, except race. The logistic regression had somewhat different results; race, major, and parental educational level were important factors in explaining whether students would have higher or lower levels of financial acumen. Age and major did not have noteworthy results in the logistic regression. Overall, the findings suggest that majority Black universities have an opportunity to more intentionally expose their students to a broad range of financial literacy topics so they are better prepared to meet the financial challenges of living as completely independent adult professionals.