Are Private Colleges Worth It? Debunking the Cost Myth

If you're narrowing down your college list, you've probably heard the same advice repeated: “Public colleges are more affordable— private schools are just too expensive.” It’s one of the most common assumptions in the college search process, but it can also be one of the most misleading. While the sticker price at a private university might look higher at first glance, the true cost—and value—can tell a very different story.

 

Let’s start with the basics. Yes, tuition at private colleges often appears higher than public institutions. But that number rarely reflects what students actually pay. Private colleges typically offer more substantial institutional scholarships and financial aid packages than public universities. In many cases, this aid significantly reduces the overall cost, sometimes bringing it below that of a public school, especially for students who don’t qualify for in-state tuition or need additional academic support.

 

Private colleges are also known for their smaller class sizes and more personalized academic experiences. Students are less likely to get lost in the crowd and more likely to build strong relationships with faculty, access leadership opportunities, and receive individualized guidance toward graduate school or career planning. That type of support doesn’t always show up on a spreadsheet, but it can make all the difference when it comes to staying on track and graduating on time.

 

Graduation rates are another important factor that often gets overlooked. National data consistently shows that students at private colleges are more likely to graduate in four years compared to their peers at public universities. That’s not just a statistic—it can mean saving thousands of dollars in tuition, room, and board by avoiding a fifth or sixth year of school. Time is money, and finishing on time is one of the smartest financial decisions a student can make.

 

Beyond affordability, private colleges often invest heavily in their campus culture and mission-driven education. Students tend to be part of communities that emphasize values like service, social justice, and ethical leadership—qualities that employers and graduate schools increasingly look for in applicants. Many private institutions also maintain strong alumni networks and connections with local industries, which can be invaluable as students transition into the workforce.

 

So where does Our Lady of the Lake University fit into all this?

OLLU is a private Catholic university in San Antonio, Texas, with a proud history of providing accessible, high-quality education to a diverse student body. Despite being a private institution, OLLU is consistently recognized for its value. In fact, many students are surprised by how affordable an OLLU education can be once scholarships and financial aid are factored in. The university offers generous merit-based awards, need-based grants, and further support for students through community-aid programs.

 

Value at OLLU goes beyond dollars. With small class sizes, committed faculty, and a student-to-faculty ratio that ensures personal attention, students receive an education that’s tailored to their goals. Programs are designed to prepare graduates for success in high-demand fields like business, education, healthcare, criminal justice, and social work. OLLU students also benefit from a community built around compassion, leadership, and service—values that make graduates stand out in a competitive job market.

 

At the end of the day, choosing the right college is about more than just price. It’s about fit, support, outcomes, and long-term value. Private colleges, like Our Lady of the Lake University, offer an experience that’s often more personal, more supportive, and more transformational than many students expect.

 

So don’t write off private colleges because of the sticker price. Take a deeper look. Run the numbers. Ask about scholarships. You might just find that the best investment in your future comes with smaller class sizes, greater support, and a community that sees your potential from day one.

 

Learn more about how OLLU makes a private education affordable at OLLU’s Financial Aid page.