Do you know the difference between a university and a college? Or a college and a community college? Do you understand the difference between public and private institutions, and how that could affect your tuition payment? If not, then read on; we are here with all the information you need to make an informed decision.
An institution that grants bachelor’s and advanced degrees, such as master’s or doctorate degrees. Please note: In the U.S., university and college are often used interchangeably.
An institution that grants bachelor’s degrees. However, some colleges also grant master’s and doctorate degrees and have chosen to keep their original name so as not to cause confusion. Please note: In the U.S., university and college are often used interchangeably.
Institutions that grants mostly two-year associate degrees, though some community colleges offer bachelor’s degrees in certain fields. Community colleges usually have more affordable tuition but may be perceived as less prestigious.
An institution that receives the majority of its funding from state and federal sources, as well as tuition. Tuition for a public institution will be less expensive for residents of the state in which the institution operates. Out-of-state and international students will payer higher tuition.
Private, non-profit institutions
An institution that receives its funding from private donors and through tuition payments. Excluding grants and scholarships, the tuition for a private institution is the same for all students regardless of where they live. As such, private institutions can sometimes be more affordable than public institutions for international or out-of-state students.
Private, for-profit institutions
Institutions whose primary mission is to provide profits back to their shareholders. Many for-profit institutions have questionable lending practices and poor student outcomes.