According to public discourse, one of the most critical college access and affordability issues is the nation's rising student loan debt. Public concern over the rising cost of college and the use of education loans has incited a great debate on if a student loan debt crisis exists, and if so, for who? Researchers have found that, among federal student loan borrowers, students attending Historically Black Colleges and Universities (HBCUs) more often use federal student loans and borrow in greater amounts. Evolving studies suggest that one explanation for HBCUs' disproportionate student loan borrowing trends is their underfunding due to racialization and its resulting systemic racial inequities. This critical quantitative study investigated the impact of revenue sources on HBCUs' student loan debt inequities using a race-neutral and race-considerate approach. Further, this study sought to determine what attention leaders should give to varying funding sources as an institutional control to alleviate student loan debt inequities among HBCUs. Ray's (2019) Theory of Racialized Organizations and Marion and Gonzales's (2013) Simplified Representation of the Open Systems Model inform this study's conceptual framework. Three findings emerged using 2019-20 data from the Integrated Postsecondary Education Data System. First, results confirmed prior research that HBCUs continue to be disproportionately burdened by student loan debt than some institutional racial types--an institutionalization of racial structure in organizations. Second, results show that tuition, federal, and gift revenue explain a portion of the student loan debt outcomes reported by HBCUs. Third, racial heterogeneity showed to be a considerable component of the statistical approach and explanation of student loan debt outcomes and their relationship to revenue sources. Thus, racial-consciousness and the dismantling of racial inequities are parallel. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]