Many private universities also exist. Among these, some are secular while others are involved in religious education. Some are non-denominational and some are affiliated with a certain sect or church, such as Roman Catholicism (with different institutions often sponsored by particular religious orders such as the Jesuits) or religions such as Lutheranism or Mormonism. Seminaries are private institutions for those preparing to become members of the clergy. Most private schools (like all public schools) are non-profit, although some are for-profit.
Many private universities also exist. Among these, some are secular while others are involved in religious education. Some are non-denominational and some are affiliated with a certain sect or church, such as Roman Catholicism (with different institutions often sponsored by particular religious orders such as the Jesuits) or religions such as Lutheranism or Mormonism. Seminaries are private institutions for those preparing to become members of the clergy. Most private schools (like all public schools) are non-profit, although some are for-profit.
The Technology Classroom Building at Portland Community CollegeTuition is charged at almost all American universities, except the five federally-sponsored service academies, in which students attend free and with a stipend in exchange for a service commitment in the U.S. armed forces after graduation. Public universities often have much lower tuition than private universities because funds are provided by state governments and residents of the state that supports the university typically pay lower tuition than non-residents. Students often use scholarships, student loans, or grants, rather than paying all tuition out-of-pocket. Several states offer scholarships that allow students to attend free of tuition or at lesser cost; examples include HOPE in Georgia and Bright Futures in Florida.
Most universities, public and private, have endowments. A January 2007 report by the National Association of College and University Business Officers revealed that the top 765 U.S. colleges and universities had a combined $340 billion in endowment assets as of 2006.
The majority of both liberal arts colleges and public universities are coeducational; the number of women's colleges and men's colleges has dwindled in past years and nearly all remaining single-sex institutions are private liberal arts colleges. There are historically black colleges and universities (HBCUs), both private (such as Morehouse College) and public (such as Florida A&M).