According to the National Association of Independent Colleges and Universities (NAICU), there are 1,600 private non-profit colleges in the country, serving some 3.4 million students. Small private colleges and universities in the United States offer a commitment to high quality education as well as close personal faculty-student interaction. As a result, they often attract some of the brightest students, which can make admission highly competitive. These colleges often come with some of the highest price tags on tuition, too. Students, however, shouldn't be quick to dismiss their chances of attending these schools. Financial supportfrom small private schools can slash printed tuition costs by as much as half, according to the NAICU. Full-time students at private four-year schools receive on average $17,630 in grant assistance toward their college costs. As much as 20 percent of the students at one small private college in the Pacific Northwest received academic or need-based grants to cover their tuition in 2013.
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Best Affordable Small Private Colleges
The Benefits of Small Private Colleges
Even among the relatively low number of small private colleges in the country, there can be great diversity between degree programs. Some are known for their academic specialties, their historical place in American education, or for their faculties. Among them, these are some of the most-attractive assets: Academic Standards. One of the reasons small private colleges enjoy prestige is because they consistently establish high academic standards for the faculty and student body. Admission is highly competitive. The college may be celebrated for specific academic disciplines or for offering a well-rounded liberal arts education based on small class sizes, led by distinguished educators.
AC Online: Private Colleges with Million-Dollar Returns
What's a college education worth? While there's no foolproof way to gauge degree value, certain colleges must be doing something right. Just one percent of colleges across the country have a documented million-dollar return on investment (ROI): alumni whose lifetime earnings surpass those of non-degree holders by seven figures.
The following colleges and universities represent the mere 46 private institutions that make up this Top 1%. These post-secondary juggernauts continually graduate young professionals who earn top dollar over the course of their careers.
To identify the private institutions with seven-figure returns, AC Online examined tuition rates, fees, and alumni salaries for more than 7,000 U.S. colleges and universities. Primary data sources include the Integrated Post-Secondary Education Data System (IPEDS), the National Center for Education Statistics (NCES), the Carnegie Foundation, and PayScale.com – four of the most trusted names in college- and career-related data.
AC Online has compiled a list of affordable small private schools for you to consider. From New York to California, there are plenty of options across the country for students seeking smaller classroom sizes with a modest price tag. All the schools below are accredited, have tuition and fees totaling less than $15,000, and enroll less than 4,000 students.
