So SmartMoney is running an article – Private Colleges Can Be Just as Affordable as Public Ones – showing that Private Schools can be as affordable as public ones. How can that be so?
Private Universities tend to be a bit more open with their pocket books, so to speak.
Why a pricey private school could be cheaper
1. Privates have more money to give
I’ve seen this time and time again, with a few friends and relatives going to a private university – and having bills substantially lower than their in-state public college.
2. They meet a bigger percentage of need
3. They’re more willing to consider special circumstances
Private colleges basically are more friendly and understanding – and I’ve definitely witnessed this with my sister’s dealing with the financial aid office, and my repeated problems dealing with public universities.
4. Your child may graduate sooner
As a fact – my sister did. The relatives in public schools? We’re still trucking towards the five-year (or longer) route.
The point is – never rule anything out. You have to try before you can fail, and be told “NO” in writing before it isn’t an option. If you don’t try, you’ll always fail!