According to a recent report (PDF) released by the National Center for Education Statistics, private colleges spend only .5 percent on net grant aid to students -- a mere .2 percent more than for-profit institutions do.
The study looked at enrollment, graduation rates and financial information for fiscal year 2009. Using data from more than 6,700 colleges and universities throughout the nation collected by the Integrated Postsecondary Education Data System (IPEDS), the report authors were able to determine how public, private and for-profit institutions spend their money. (Sidenote: The report's authors warn that comparisons should not be made across institutions, even when categories overlap, because of differing data collection methods.)
Below, check out how private four-year -- as well as two- and less-than-two-year -- colleges and universities allocate their money. Does this breakdown seem fair to you? Let us know what you think in the comments section.