Private colleges budget large amounts of money for financial aid because they are philosophically committed to enrolling students with talent but little money. And colleges offer payment programs for families who don't qualify for aid. Monthly payment plans and long-term educational loans can make it more feasible for you to give your child the education that's best for him or her. If you send your child to the local public university, state taxpayers will subsidize the cost of his or her education. Independent schools also depend heavily on the income of carefully tended endowments, created by generations of loyal alumni.
Education is a human-intensive enterprise.
It is this process that teaches students how to think, analyze information, design experiments and write. It is this treasured experience that you pay for.