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When choosing a college, your child will have to decide between a public or private college. State and community colleges, also known as public colleges, are generally less expensive than private colleges. Public colleges receive funding from their respective states in order to make the cost of education affordable to its residents. Most public colleges offer in-state residents a significantly lower tuition price than is offered to residents of other states. At community colleges, your child’s tuition rate is based on the district in which you live. If you live within a particular community-college district, your child can take courses for a lower price than students who live outside of the district.
Private colleges, on the other hand, do not receive the same type of funding, so they rely more heavily on tuition, endowments and other private sources of revenue. Private colleges are usually more expensive than public colleges, but may offer smaller class sizes, or additional scholarships and grants that are not available at public schools.
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