Top 10 Cheapest Private Colleges, But Prestigious in the U.S

Rosemary October 16, 2024 | 19:10

Learn more about the admission requirements for the top 10 most affordable private colleges in the United States based on their net costs.

Contents
Learn more: Top 10 Most Expensive Private Colleges in the U.S By Net Cost What Are the Reasons Behind the Lower Costs of Cheap Private Colleges in the US? Top 10 Cheapest Private Colleges In The US By Net Cost 1. Berea College 2. Idaho's Brigham Young University 3. Heritage University 5. Franklin University 6. Kentucky Mountain Bible College 7. Magdalen College 8. Peirce University 9. Rust College 10. University of the West In Brief

Contents

Learn more: Top 10 Most Expensive Private Colleges in the U.S By Net Cost

What Are the Reasons Behind the Lower Costs of Cheap Private Colleges in the US?

Top 10 Cheapest Private Colleges In The US By Net Cost

1. Berea College

2. Idaho's Brigham Young University

3. Heritage University

5. Franklin University

6. Kentucky Mountain Bible College

7. Magdalen College

8. Peirce University

9. Rust College

10. University of the West

In Brief

Even the poorest Americans can still afford to send their children to several of the most prestigious private schools, despite growing sticker prices. Contrary to common assumption, data indicates that because of their need-blind admissions policy and significant financial aid packages, the most selective schools and universities are frequently the most inexpensive choices for low-income families.

Nonetheless, a lot of low-income families only consider institutions that appear to be less competitive and more affordable because they are scared off by the high stated tuition costs.

Learn more: Top 10 Most Expensive Private Colleges in the U.S By Net Cost

Top 10 Cheapest Private Colleges In The US By Net Cost

What Are the Reasons Behind the Lower Costs of Cheap Private Colleges in the US?

On average, a year at one of these universities will set you back $5,222. Since they are public institutions that receive money from the state and local governments, most of them are much more affordable.

However, a small number of private colleges and universities on our list have made it their mission to offer reasonably priced degrees. For example, all students at Kentucky's Berea College work to pay for their education, so the tuition is free.

Top 10 Cheapest Private Colleges In The US By Net Cost

1. Berea College

$5,222 annual net cost

The first coeducational and interracial college in the South was Berea College, a Christian-affiliated institution situated in Appalachia. The college is well-known for its goal of giving students from low-income backgrounds access to higher education. Berea does not charge its students the full listed price because of this.

Rather, Berea depends on contributions, endowment income, and financial aid to pay for enrollment. As a requirement of their aid package, all students must work a minimum of 10 hours per week.

2. Idaho's Brigham Young University

Net annual cost: $6,698

At under $9,410, Brigham Young University-Idaho has the lowest reported total cost of attendance of any university on this list. The Church of Jesus Christ of Latter-day Saints founded BYU-Idaho, which is one of the few universities on this list with a religious affiliation. Students are expected to abide by an honor code based on their faith at school.

BYU-Idaho offers a wide range of academic programs, including business, engineering, humanities, and performing arts. With 51,881 undergraduate students, BYU-Idaho likewise has the highest enrollment on this list.

3. Heritage University

The net annual cost of Heritage University is $6,850.

Located in Toppenish, Washington, on the Yakama Indian Reservation, Heritage University is a private university.

This modest university offers popular degrees in psychology, elementary education, and social work and youth services.

4. College of the Ozarks

$7,195 is the annual net cost

Another college that gives most of its students free tuition is College of the Ozarks, which also has plenty of work-study options to help with extra expenses. Located near Point Lookout, Missouri, College of the Ozarks is a private institution of higher learning.

This well regarded small-sized college offers popular degrees in psychology, business, and nursing.

5. Franklin University

$7,201 is the annual net cost

Franklin, a private institution in Columbus, Ohio, with an average net cost of just $7,201 annually, completes our list of the top five least costly private colleges in the United States. The purpose of this college's founding was to serve the needs of non-traditional, somewhat older than average college students. It offers a large number of degrees entirely online.

6. Kentucky Mountain Bible College

$7,235 per year net

Kentucky Mountain Bible College, or KMBC, is a private, religious college near Vancleve, Kentucky, as its name might imply. Numerous graduates go on to serve as pastors and missionaries all throughout the world. The net cost of attendance on average is only $7,235 annually.

7. Magdalen College

$7,933 is the annual net cost

Located in Warner, New Hampshire, Magdalen College is a private liberal arts college.

This extremely small university only offers Liberal Arts and Humanities as a major.

8. Peirce University

Net annual cost: $8,382

Peirce is a Philadelphia, Pennsylvania-based private institution with an emphasis on adult education.

This university has a 100% acceptance rate for popular majors like business, paralegal, criminal justice, and law enforcement administration. Students might choose to major in paralegal studies, general studies, business, healthcare, or IT.

9. Rust College

$8,924 is the net annual cost

Located in Holly Springs, Mississippi, Rust is a private historically Black college or university (HBCU). With the United Methodist Church, it is associated. Rust College is a liberal arts college in Holly Springs, Mississippi, that was established in 1866.

This mill-sized university has a competitive acceptance rate and offers popular degrees like broadcast journalism, biology, and kindergarten and preschool education.

10. University of the West

$8,968 is the annual net cost

The University of the West is a private Buddhist college in Rosemead, California, that was founded in 1990.

At this modest university, Liberal Arts & Humanities, Business, and English are the most popular majors.

In Brief

Due to the fact that incomes appear to be remaining unchanged and college fees are increasing, families are placing a greater emphasis on financial concerns when it comes to the decision of which college to send their children to.

Additionally, the amount of debt that is incurred as a result of student loans is increasing, and young people are extremely concerned about graduating with a significant amount of debt. This helps to explain why a significant number of students are interested in attending one of the universities in the country that has the lowest tuition rates.