It costs less than you think! In 2012-2013 , average net tuition and fees at private four-year colleges added up to $13,380. That’s less than half the average published tuition and fees of $29,056. Plus, on average, full-time students at private four-year colleges received an estimated $15,680 in grants and aid from all sources and tax benefits.1
The cost of private college is actually dropping. Average inflation–adjusted net tuition and fees at private colleges dropped 3.5% from 2007-08 to 2012-13.2
Grad rates mean gainful employment. Just as important as their degree, advancing students into the workforce more quickly adds up to better lifetime earning potential.
Fewer 5th year students. 78% of students who received a bachelors’ degree from a four-year private college were able to actually complete it in four years, compared to 60% of graduates at state institutions.3
1College Board, “Trends in College Pricing 2012,” October 2012
2College Board, “Trends in College Pricing 2012,” October 2012
3U.S. Department of Education, National Center for Education Statistics, “Beginning Postsecondary Students Longitudinal Study (BPS: 04/09).” November 2011