NACAC College Fair - Page 6 - College Categories

NACAC College Fair
- Page 6
College Categories
As you plan for college you have many options. Listed below are the College Categories that describe the different types of institutions available to you.

Non-Profit

Private

These Colleges and Universities:

•receive funding primarily from student tuition and endowments. Some funding comes from governmental support in the form of tax breaks and student loans

•follow the leadership of a board of trustees

•develop own institutional plans since they operate mostly on private support

•rely on private funds, which leads to a higher average cost

•offer financial aid opportunities to reduce the total cost

Public

These Colleges and Universities:

•receive a large part of funding from state or local taxes. Some funding comes from tuition and endowments

•follow performance standards set by the state

•Most are state-run, which lowers the tuition for in-state students

•typically categorized as two-year, four-year, research, comprehensive or community colleges

For-Profit / Proprietary

These Colleges and Universities:

•receive up to 90 percent of their revenue from federal student aid

•operate under the demands of investors and stockholders

•usually offer a non-traditional format

•have come under federal scrutiny for high pressure sales/recruitment tactics

A close examination of the academic, social and financial factors will lead you to a best-fit college. To read more on the differences in college categories, please visit our web site at www.nacacfairs.org. •