Which type of university receives funding from tuition and private donations?

Study for the EverFi Financial Literacy for High School Test. Prepare with questions and answers, detailed explanations, and comprehensive resources to ensure success!

A private university primarily relies on tuition paid by its students and financial contributions from private donors, including alumni and philanthropic organizations. This funding model distinguishes private universities from public ones, which receive substantial support from government sources. Private universities often have a more flexible admission policy, different areas of focus than public institutions, and may offer specialized programs that cater to unique student interests and career paths. The emphasis on private funding can also allow these institutions to offer scholarships or financial aid packages that might not be available at public universities, enhancing their attractiveness to prospective students.

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