This report offers an in-depth review of the "Move into Middle Class+" mobility rate and its efficiency as a measure of social mobility for Black students at Historically Black Colleges and Universities (HBCUs). The report includes an overview of the access, success and mobility rates at HBCUs. Additionally, it offers an equity-centered approach to understanding higher education outcomes for underserved students. It underscores that when such an approach to research is taken a clearer picture may be observed of the sheer magnitude of the outcomes produced by HBCUs. This is especially the case as it relates to access to higher education and economic mobility.