Most schools are public or are heavily subsidized. But some campuses are open to students whose families can afford to pay full tuition of around $40,000 to $60,000. The schools don’t have a traditional name, or a central governing board. The institutions are privately funded but privately run.
So what are the big differences between private, public, and nonprofit schools?
Private schools are private, but they offer state-of-the-art facilities and programs. As with colleges, students can get grants for buying the right stuff such as dorms, and many offer tuition assistance to low-income students.
But a university can only be fully independent of state funds if it is part of a larger educational system.
For example, Harvard College, which offers an online education as well as degree-granting degrees in science and social studies, is actually a part of Harvard University’s existing system of colleges and universities.
Allowing students to switch schools in the case of tuition fluctuations has allowed students to earn higher degrees and earn more money while in school.
A nonprofit college is a publicly funded institution that is not a private institution. Like a college, they have a board to help run the college, but don’t have a traditional governing board, nor do they have a central governing board. Unlike a private school, a nonprofit college doesn’t sell and rent property — which means tuition and student debts are not held directly accountable by a public agency or a donor.
Public institutions have boards but these boards are accountable to elected officials, not to donors or taxpayers.
Private Colleges vs. Colleges
Private schools and colleges in the public sector have different objectives and are structured differently. However, private colleges have been around for generations — and often have strong financial standing — while college was always a means of escaping economic deprivation.
For most private schools, students pay a fee for their education. Most public colleges charge a student tuition of a percentage of their income (some states require a higher percentage). Students pay for their education on the first day of school and pay the remaining balance over the three years of the program.
Both institutions have a central governing board. The state education department holds the purse strings of these institutions.
Private colleges and colleges in the public sector are not typically affiliated with a single university, however.
Private Schools vs. Colleges Not affiliated with another institution have the same mission. The same missions and responsibilities apply to both private and public schools
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