And the Best Value Colleges Are…

True or false: Public schools are always a better value than private schools or liberal arts schools. Have your answer all bubbled in? Let’s see if it’s right.

A school’s value isn’t solely determined by cost; though it does play a significant role, if you factor in curriculum caliber and overall quality of life, it turns out that many private and liberal arts schools are indeed better values than their public counterparts. That and the amount families actually have to pay after financial aid is only around $20,000. Nice.

According to Kiplinger’s annual lists, Swarthmore College and Princeton University lead the pack for liberal arts and private institutions, respectively. Why? Swarthmore’s most qualified applicants only pay $18,791 – that’s nearly two-thirds off the school’s $52,650 sticker price and a huge reason why almost all Swatties return for sophomore year – and Princeton graduates leave its hallowed halls with the lowest average debt, due in large part to a tuition bill less than $50,000 and the elimination of student loans from its financial aid package. Here are the top 10 in each category:

Best Values in Liberal Arts Colleges

1. Swarthmore College
2. Pomona College
3. Williams College
4. Washington and Lee University
5. Davidson College
6. Bowdoin College
7. Claremont McKenna College
8. Amherst College
9. Hamilton College
10. Vassar College

Best Values in Private Colleges

1. Princeton University
2. Yale University
3. California Institute of Technology
4. Rice University
5. Duke University
6. Harvard University
7. University of Pennsylvania
8. Columbia University
9. Brown University
10. Dartmouth University

Students and parents, does this information have you rethinking the possibility of private and liberal arts schools?