<img height="1" width="1" style="display:none" src="https://q.quora.com/_/ad/bdd9d941ae754c498fe2d2326d029ffa/pixel?tag=ViewContent&amp;noscript=1">

Attending a Private College Can Be Affordable

Featured Stories

Filter By Categories

Your most affordable college may be a private university. 


For most high school students, the cost of college can be daunting. Students have to choose between in-state schools, public universities, religious colleges, and private colleges, all while weighing their options against their budget.


Most students start with the misunderstanding that all private colleges are unaffordable. This is unfortunate, because some of the best higher education in this country is administered in private colleges. If you’re looking for a private college that’s affordable, look no further—we’ve created a collection of colleges and tips to help you seek out affordable options for private college.

Why Private Schools Are Affordable

The initial sticker shock that many applicants to private colleges feel is normal. The tuition listed on private college websites can range from $20,000 to $60,000 a year before financial aid, leading many applicants to believe that such schools are not affordable for them.


The truth, however, is that many private colleges offer more financial aid packages, often of a higher value, than public universities. Once you factor in these aid packages, the cost of tuition can many times be equal to or less than that of public schools.

What’s the Actual Price of Tuition?

Let’s take a moment to define a couple terms to better understand the actual cost of attending a private college.


Posted price: This the price that colleges post on their website, typically considered the maximum price of a full-time student. It’s unlikely you’ll have to pay that much money.


Net price: This is the price a student will pay after scholarships and grants are deducted from the posted price. This is the price that you should use when comparing the cost of colleges. If one school has offered you a great scholarship, it’s net price is likely to be better than that of a comparable school that has not offered any aid.


Knowing the difference between the posted price and the net price can make a big difference in which schools you choose to apply to and attend. Your ultimate decision in which school you choose is deeply impacted by your understanding, calculation, and comparison of your options’ net prices.

The Private School Cost Calculation Process

If you’re certain that you want to attend a private school, it’s time to start looking into which schools will offer you financial aid and how much that aid affects your cost of attendance.


Below are some foolproof steps for you to take in order to calculate the cost of each private school you’re interest in. Keep in mind that some factors of the final cost of college won’t be included here; special, merit-based scholarships cannot be included in this calculation until you’ve applied and received the award. If you know how much merit-based scholarship you’ve been offered, you can get an even more accurate picture of the school’s final cost.


Steps to calculate college costs:

  1. Gather tax documents (ask your parents if you’d like some help).
  2. Go to a tuition calculator website.
  3. Plug in your numbers to the tuition calculator.
  4. Save the results, including the starting cost of tuition, for later comparison.
  5. Go to the next private college website on your list.
  6. Continue these steps until you’ve calculated the cost of each private college you’re interested in attending.

Then it’s time to make comparisons. Once you’ve collected all of your data, you can compare the cost of attending each school. This may not be a complete picture if you can’t include merit-based scholarships, outside scholarships, or government grants, but it’s a good first step in assessing the cost of different private colleges.

The Value of Private Schools

When you consider the actual price you end up paying, private colleges may actually be a better value. Consider that many private schools offer:

  • Smaller class sizes
  • More interaction between professors and students
  • Classes that are more often taught by professors than graduate students
  • A smaller, more tightly knit student body
  • More opportunities to gain leadership experience

Depending on the experiences and outcomes you want in your college experience, a private school may be an even better value than a public one.

5 Tricks to Make College More Affordable

Public or private, college is a big investment. There’s no way to get around this fact in the modern world. Here are five more tips and tricks to help lower your out-of-pocket cost for college.

  1. Earn credits elsewhere. Most colleges allow you to transfer credits from other colleges. There are often limitations to what can transfer and a maximum number of credits that can be completed at other schools, but any transferred credits can help to lower your tuition cost. Look into the credit transfer rules of any school you’re interested in attending. Credits can be earned through community college courses either prior to attending college or throughout the summer and winter breaks.
  2. Explore all aid options. You can receive scholarships and grants from many different sources. Your school may offer some, the government has ways of helping out, and there are numerous scholarships out there for special interests, personality traits, and even body characteristics. Don’t think that there isn’t scholarship money out there for you; aid is available for everyone.
  3. FAFSA. Be sure to fill out your FAFSA application properly and on time. Even if you don’t think you’re eligible for aid from the government, fill it out and see if you are. Be sure to research other federal aid programs or even aid from your local government.
  4. Be creative. Not only can you earn credits elsewhere, but you can even fulfill requirements in high school by taking AP course, college-level courses online, and through dual-enrollment classes that afford you both high school and college credit at the same time.
  5. Reduce materials. College materials, like textbooks and various supplies, can make up a significant portion of your college costs. Be sure to start your research early and look at many different options before making any purchases. There are many options out there for you to get textbooks for a significantly lower price than at the college bookstore.

Affordable Private Colleges of Distinction

Colleges of Distinction has vetted many of the finest private schools in the country. We hope that this breakdown has helped you realize that an education at a private college is within your financial reach.


This post originally appeared on Colleges of Distinction’s blog.


About Colleges of Distinction:

Since 2000, Colleges of Distinction has been a trusted resource for more than 40,000 guidance counselors across the United States, thousands of parents and students, and hundreds of colleges and universities. Our mission is simple: to help parents and students find not just the “best college,” but the right college.  

Edmit's advice helps you to be better off after graduation.

  • Merit and financial aid estimates based on your student profile
  • Earnings estimates and financial scores for your college and major
  • Recommendations to save thousands on college

Sign up for updates

Popular Tags

Financial Aid and Scholarships* Cost of College* paying for college financial aid FAFSA Student Loans* grants and scholarships federal student loans Saving for College* Salary and Career* college tuition 529 plan cost of attendance expected family contribution private student loans college financial planning financial aid award taxes career college savings plan room and board on-campus housing merit scholarships budgeting for college college expenses federal financial aid merit-based financial aid private universities public universities edmit hidden gems edmit team college costs parent PLUS loan college applications living expenses CSS profile education expenses financial need income application fees career fit choosing a major financial aid appeal off-campus housing choosing a college college majors loan forgiveness affordable college degree programs loan repayment repayment plans researching careers student loan assistance student loan debt work-study application fee waivers career exploration college search coronavirus edmit scholarship institutional aid net price private scholarships SAT career goals college visits in-state tuition prepaid tuition plans ACT budget free tuition international students internships need-based financial aid need-blind colleges qualified higher education expenses retirement savings school-based scholarships southern colleges standardized testing tuition discount tuition guarantee tuition payment plans 401k UGMA UTMA applying to college college financial health college ranking systems college spending college transfers credit score discretionary income distance learning education savings accounts fees financial literacy full ride scholarship gap year grants health insurance options investment ivy league schools liberal arts degree meal plans midwestern colleges need-aware colleges out-of-state tuition saving state aid tuition increases western colleges 568 presidents group Inversant MEFA asset protection allowance best price campus life college advisor college credits college deposit college viability community college concurrent enrollment cost by region cost by state crowdfunding dorms early decision educational expenses esports fee waivers financial wellness for-profit universities fraternities and sororities full tuition graduate school home equity loan income share agreements job applications line of credit lists medical expenses medical school military benefits net price calculators new england colleges non-profit universities online learning online tuition out-of-state students percent need met private college consultant remote learning self-assessment siblings small business state schools student bank accounts student organizations subsidized loans title IV schools travel expenses tuition decreases tuition insurance tuition reciprocity undocumented students unsubsidized loans work-based learning