MYTH: Only low income or extremely smart students receive financial aid for college.

FACT:There are many forms of financial assistance available that are not merit or need-based, including institutional grants and state grants, as well as work-study programs. According to a recent study by the Human Capital Research Corporation, institutional grants constitute the largest source of financial assistance for students attending Virginia private colleges.

MYTH: Private colleges cost significantly more than public colleges.

FACT:The difference is far less than many families assume, thanks to significant institutional, merit and need-based grants and the Tuition Assistance Grant (VTAG). According to a recent study by the Human Capital Research Corporation, the average price gap between a Virginia private and public college is only $4,700 (after grant aid from all sources).

MYTH: Private College v. Public College – there’s not much difference, really.

FACT:Parents and students should compare graduation rates, the time it takes to earn a degree, overall class size, student/faculty ratio, and the personal attention received by students. With a strong commitment to graduating students in four years or less, an average class size of only 16 students, and a 11:1 student/ faculty ratio Virginia private schools rank very favorably in all categories.

MYTH: Private colleges are too expensive.

FACT:In 2011, 87% of freshmen at Virginia private colleges demonstrated financial need, with an average financial aid total of $20,463 (grants, work study and loans). Virginia residents attending an in-state private college also receive the undergraduate Virginia Tuition Assistance Grant (TAG) award ($3,200 in 2016-17). Federal tax credits and deductions can benefit some of those who do not receive grant aid.

MYTH: Private liberal arts colleges won’t prepare me for a job.

FACT:The benefits of a private liberal arts college are more valuable than ever. Students learn to think and communicate effectively – attributes sought by employers in all professions.

MYTH: Private colleges are not diverse.

FACT:Virginia private colleges enroll a higher percentage of African American undergraduates than Virginia public institutions. They also enroll a larger percentage of Pell Grant recipients (students who receive federal need-based aid).