While public school is definitely the more inexpensive way to get your degree, there are indeed some measurable financial reasons indicating private schools may be worth the extra initial investment. On the other hand, annual tuition at Brigham Young University ranges from just $5,790 to $11,580, which is well below the average price for private colleges. This allows the professor to focus on one on one learning and gives teachers the chance to work with each individual student and help each ⦠Tuition is high, even for a good education. Despite that they might not be as popular as many famous public universities, your degree in a private university will benefit you almost equally as state-funded educational institutions. Follow him on Twitter to keep up with his latest work! The time commitment required to succeed in a given class is high, and this will ultimately interfere with your ability to work. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Interestingly enough, when ranking all U.S. colleges to annualized ROI, 13 out of the top 15 are public institutions. Students are free to choose the course and the university they wish to attend. Even out-of-state tuition at public schools is substantially cheaper than private, with students paying around $22,000. What makes it "worth it"? These âno student loansâ colleges replace student loans in financial aid packages with additional scholarships and grants to help fund a studentâs tuition. She then went back to *gasp* ⦠If finances are a primary concern, consider all of your alternatives before committing yourself to a decade of debt. Size. At small private colleges classes can be as small as 10 or 12 students. However, another way to look at it is an additional $750,000 in earning power over your career, for only an extra $88,000 or so in additional investment. There are lots of reasons why it is still worth going to university. Nowhere in the world does it cost as much to go to university as it does in the US. So, it is roughly twice as expensive to go to a private school than to attend an in-state public school. [...], Here at Scholarships.com, we connect students with scholarships that can help alleviate the amount of student loans they need to take out to pay for college. A degree from a Russell Group university was found to be worth more for future earnings than modern universities, although graduates from at least one ⦠However, 10 of the 13 are classified as "engineering" schools, which goes to show that one's major plays a very significant factor in earnings potential. by One of the primary benefits of private university is the lower class sizes. If education and only education is your prerogative during your college career, attend a private university if possible. Both private and public universities have their own strengths. Private colleges typically have a higher sticker price, but they can also offer more financial aid. They participate actively in classroom discussions, complete coursework, and are fully engaged in the classroom culture. Private universities receive no funding from the government. What may be less tangible is understanding how you and your family will pay for college. This was a decision I made as a hopeful/financially ignorant high school senior. If money is no object, go private. The Pros & Cons Of Private Colleges Private colleges are each intensely unique. However, when ranking the schools by total ROI (total earnings power over a high school graduate), nine of the top 15 are private schools, meaning that although tuition is high, total career earnings are high as well. Total cost takes into account such expenses as room and board, books, school supplies, and pretty much everything else involved with living at and attending college. A new best-selling book aims to help untangle the process. To get a more accurate picture of the difference, however, we should look at the total cost of attending college, not just the cost of tuition, which is just one of the costs associated with attending college. This makes private universities an attractive option for students who do not want to be stuck with a course that is not ⦠Despite all the benefits that private universities and colleges offer, are they really worth the price tag? In other words, will graduates of private schools earn high enough salaries that make the extra costs worth it? From differences in curriculum and academic standards to mission statements, each private university creates an atmosphere that is truly its own. 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