Public vs. private colleges: which is better?

By Danielle Goodman
Courtesy of CNBC

Private colleges are known for being more expensive than their public counterparts, but higher cost doesn't necessarily mean a better education.

Public colleges offer a better return on investment than private colleges, and a recent report suggests that gap will grow even wider. (Return on investment is calculated by subtracting the cost of attending school from the earnings of college graduates.)

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