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Are Small Private Colleges Worth The Money?

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What’s the point of higher education? When college leaders are asked that, they have a set of familiar answers: Students learn skills that employers want; community colleges provide a pathway to the middle class; giant public universities produce research in the public interest. They might even add that at places such as Harvard and Yale and Stanford, the reasons for attending are quite clear—connections, prestige, and support for low-income students, among them.

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