Eighty-six percent of students attending private universities and colleges receive some form of aid (grants, loans, work-study), with the average annual aid package being around $17,000.
The first private higher educational institution in the US was Harvard University, founded in 1636.
The percentage of minority students enrolled at private universities and colleges is slightly higher than at state four-year institutions: 29 percent at independent and 27 percent at state colleges and universities.
The largest single grant ever received by the Council of Independent Colleges (CIC) was $2.266 million recently awarded by the Wal-Mart Foundation. The grant will help 20 smaller independent colleges develop strategies for improving academic access for (and success of) first-generation college students.