Page 53 - SCICU - College Guide (2018-2019)

South Carolina Independent

Colleges and Universities:

The Affordable Difference

Paying for and obtaining a college education is an investment in the future. Students and families must weigh many
factors before deciding which college or university offers the best academic program and learning environment at
a cost they can afford. As with any large investment, the best outcome is achieved through self-awareness, in-depth
research, and a thorough understanding of all the options. Consider the following:

Difference in price between public and private institutions:

The cost of providing a higher education is generally the same at independent colleges and universities as at public
universities. Private institutions charge a higher price, or tuition, because they do not receive direct aid from state tax
dollars. In addition, public universities achieve certain economies of scale by enrolling a large number of students.

Apply to colleges that best fit personal and academic needs, regardless of price:
The ability to pay for a college education is likely to be an important factor in selecting a college or university. The price

of a particular institution, however, should not prevent a student from applying to the schools of his or her choice. A
student should apply to colleges that best suit his or her academic, social, and personal needs, regardless of the price,
because financial aid can make it affordable.

Affordable, High-Quality Education:
A common myth is that the cost of a private college or university is out of reach of most students and their families.

The truth is South Carolina’s independent colleges and universities make attractive financial aid and grant offers to all
types of students regardless of financial means. South Carolina’s independent institutions of higher education seek
well-rounded student bodies that include students from all regions, all ethnic backgrounds, and all income levels. Each

college or university will try to make every effort to compile a suitable financial aid package for the student and family
so that the price of a college education does not become an overriding factor in choosing an institution. Because they

are smaller and private, independent colleges and universities have more flexibility with admissions decisions and are
able to work individually with parents and students to create an affordable education.

A Variety of Financial Aid is Available:

College financial aid programs help families meet the cost of education that exist beyond their demonstrated ability
to pay. Institutional financial aid, including need-based assistance and merit scholarships, combined with state and

federal scholarships, grants, loans, and work-study programs, will be offered in a financial assistance package to help
defray the cost of attending college.

Detailed information about all aspects of student financial aid can be found in the sections that follow. 50