<p>Ive actually wondered for years what VM has mentioned out loud. (The value aspect.) However, Ive come to appreciate that the supposedly (in some cases?) overvalued institutions perform an important function, & thus in fact provide value.</p>
<p>Mind you, when I speak of overvalued, I am not necessarily referring to any of the colleges & Us already named on this thread a few of which I have zero to small knowledge of. Im speaking of ones in my region which seem to fit the category VM may have in mind: ie.., glorified community colleges. Some of these, btw, were once highly respected 4-year institutions whose undergrad, grad, & law schools produced graduates of national prominence in their various fields. Now the freshman classes of these same institutions mostly consist of h.s. seniors with mediocre records, who cannot make it into flagship publics. Secondarily, the freshman classes contain some better-than-average students who, because of very stiff entrance or eligibility standards, do not quite make the cut for the top public Us, partly because of the diversity component in admissions to many public Us. Thirdly, the freshman classes include a percentage of stand-out students relative to their own high schools but not relative to the national competition for top 20 colleges & Us.</p>
<p>Taking just these 3 segments all together, the high-priced but non-stand-out privates serve a number of niches & needs:</p>
<p>--Theyre 4-yrs versus 2-yrs. That means the student will be studying only or mostly with age-peers a major consideration to many people. Secondly, they will also be getting a college experience, versus taking classes. Thirdly, for students such as those with LD (& others with ADD), a structured 4-yr college can be anywhere from helpful to essential to their academic success & continued motivation.</p>
<p>--Theyre privates. Sounds like a big Duh, I know. But thats important to a lot of people: particularly to those disappointed by a previous public high school, a private can provide the support & personal aspects that their h.s. never did. For those most comfortable with a history of private education (typically, in Catholic schools, for example), that continuity is important, and is more important than what outsiders perceive to be the institutions (current) academic quality.</p>
<p>--For excellent, but not superlative, Caucasian students without hooks, a private of this type is often the best admission option that they have, at least in their region. In our State, if you do not have economic or other challenges & are not an underrepresented minority, you must have an exceptional h.s. record & stats to enter the flagship publics. If you are top 12%, for example, that is generally not enough for someone without categorized challenges or hooks. While these private institutions are definitely not of the caliber of the flagship public research universities, they are better than most of the options in the State University system with the exception of 2 or 3 (in our case).</p>
<p>--Most importantly, some of these institutions, in an effort to attract excellent students, offer extremely generous merit aid, offsetting their over-priced tuition. Categories like Presidential Scholarships provide full or nearly full tuition grants; categories just below these offer handsome enticements as well, & even these 3/4 or 1/2 offers sometimes amount to less than the cost of the flagship publics. For those students who do qualify for those publics but whose family does not have or does not choose to pay full public tuition (& does not qualify for need aid), these merit offers are seen as value.</p>
<p>Personally, Im strongly biased toward academic quality as the primary value, but I do realize that value is a matter of perception & priorities. It seems that overwhelmingly, students making the above choices are making regional choices more than anything else. Occasionally, a student will travel to an unknown private for some specialty academic reason, but generally, the enrollment of these colleges is overwhelmingly local. The student is choosing not to have to add travel costs to college costs, is choosing known weather over non-known weather, and/or is choosing proximity to family, friends, even jobs, as higher values. Not my priorities. But its not my tuition bill, either.</p>