Top 25 Best Private Colleges in the US | 2023 Rankings (2024)

Many of the best colleges in America are private; many are even household names. Rich with history, the best private colleges can go on to produce equally historic alumni.

Private colleges tend to be nonprofit institutions that are funded internally through endowments and donations. Because of this, private colleges offer some of the highest financial aid packages and might just be more affordable than you’d imagine.

The 25 schools featured here are the best of all private colleges. These rankings are a jumping-off point for you to create your own personalized rankings using our college match tool. Not only are they academic powerhouses, but these schools also have beautiful campuses, amazing student resources, and colorful traditions.

1Massachusetts Institute of Technology

Top 25 Best Private Colleges in the US | 2023 Rankings (2)

The Massachusetts Institute of Technology, or MIT, currently has about 11,250 students attending. They offer up to a doctorate degree with many students focusing on Computer Science and Mechanical Engineering. Mathematics and Physics are also common majors. Alumni have gone on to found companies like Intel, Koch Industries, Dropbox, and Campbell Soup.

LocationCambridge, MA

Institution TypePrivate

Student Enrollment11,254

2Princeton University

Top 25 Best Private Colleges in the US | 2023 Rankings (3)

A private Ivy League research university, Princeton University was founded in 1746 and originally known as the College of New Jersey. This makes it the fourth-oldest institution of higher education in the country. The school receives around 32,800 applications annually and has an acceptance rate of only 5.6%, making it highly competitive.

LocationPrinceton, NJ

Institution TypePrivate

Student Enrollment7,853

3California Institute of Technology

Top 25 Best Private Colleges in the US | 2023 Rankings (4)

Also known as Caltech, the California Institute of Technology’s motto is, “the truth shall make you free.” Science and Engineering are top choices among students and there have been over 75 Nobel laureates that have been associated with Caltech (including 40 alumni and faculty members). Just over 2,200 students attend the school today.

LocationPasadena, CA

Institution TypePrivate

Student Enrollment2,240

4University of Chicago

Top 25 Best Private Colleges in the US | 2023 Rankings (5)

The University of Chicago receives over 34,300 applications though only about 2,500 are accepted each year. Therefore, the school has a 7.3% acceptance rate. The school is made up of their undergraduate college and five graduate research divisions. They also have campuses all over the world from Hong Kong to Paris.

LocationChicago, IL

Institution TypePrivate

Student Enrollment17,834

5Stanford University

Top 25 Best Private Colleges in the US | 2023 Rankings (6)

Stanford University has a 5.2% acceptance rate and an 86% first year retention rate. Their student-to-faculty ratio is only 4 to 1. The 31st president of the United States, Herbert Hoover, was a graduate of Stanford. Other alumni have included Fulbright Scholars, members of Congress, astronauts, and billionaires. Known as the Stanford Cardinals, their colors are cardinal and white.

LocationStanford, CA

Institution TypePrivate

Student Enrollment15,953

6Columbia University in the City of New York

Top 25 Best Private Colleges in the US | 2023 Rankings (7)

Columbia has a very low selective acceptance rate of 6.7%, accepting only about 2,700 students out of 45,000 applicants. Top choices in regard to majors include Econometrics, Computer Science, and Political Science. It’s the oldest institution of higher education in the state. Columbia is one of the nine colonial colleges founded before the Declaration of Independence.

7Harvard University

Top 25 Best Private Colleges in the US | 2023 Rankings (8)

Harvard University has turned out some amazing alumni. In fact, the school has more alumni, researchers, and faculty that have won Nobel Prizes and Field Medals than any other school in the world. Alumni also include eight U.S. presidents, 188 living billionaires, and 110 Olympic medalists. The most common majors include econometrics and quantitative economics, social sciences, and computer science.

LocationCambridge, MA

Institution TypePrivate

Student Enrollment30,391

8University of Pennsylvania

Top 25 Best Private Colleges in the US | 2023 Rankings (9)

The University of Pennsylvania was founded in 1740, primarily by Benjamin Franklin, who was also their first president. Franklin Field, where the Quakers play in the NCAA Division I – Ivy League, is named after the founder. With a 95% first year retention rate, 86% of students will go on to graduate in four years. 96% will graduate in six.

LocationPhiladelphia, PA

Institution TypePrivate

Student Enrollment26,552

9Duke University

Top 25 Best Private Colleges in the US | 2023 Rankings (10)

Methodists and Quakers founded Duke University in 1838. The school has produced 50 Rhodes Scholars, 3 Turing Award winners, and 15 Noble laureates. Known as the Blue Devils, the university’s colors are Duke blue and white. The top majors among students include Econometrics, Computer Science, Public Policy Analysis, Biology, and Nursing.

LocationDurham, NC

Institution TypePrivate

Student Enrollment16,172

10Northwestern University

Top 25 Best Private Colleges in the US | 2023 Rankings (11)

Top majors at Northwestern University are Econometrics and Quantitative Economics, Journalism, Radio and Television, Speech Communication and Rhetoric, and Neuroscience. A founding member of the Big Ten Conference, top sports for the Wildcats include football, basketball, baseball, and soccer. Willie the Wildcat cheers them on and their colors are purple and white.

LocationEvanston, IL

Institution TypePrivate

Student Enrollment22,603

11Dartmouth College

Top 25 Best Private Colleges in the US | 2023 Rankings (12)

A private Ivy League research university, Dartmouth was founded before the Declaration of Independence was signed. Three famous alumni were Daniel Webster, Robert Frost, and Thaddeus Stevens. The school also graduated several members of the Senate and House of Representatives in the United States, Nobel Prize laureates, and more.

Location Hanover, NH

Institution TypePrivate

Student Enrollment6,292

12Rice University

Top 25 Best Private Colleges in the US | 2023 Rankings (13)

A selective school, fewer than 11% of applicants are accepted into Rice. The school has 11 residential colleges and eight schools of academic study. Rice University was established in 1912 and named after William Marsh Rice. He had requested a free-tuition educational institute be opened after his death. Today, about 4,000 undergraduate and 3,500 graduate students attend.

LocationHouston, TX

Institution TypePrivate

Student Enrollment7,643

13Brown University

Top 25 Best Private Colleges in the US | 2023 Rankings (14)

Popular majors at Brown University include Computer Science, Biology, Applied Mathematics, and Econometrics and Quantitative Economics. Founded in 1764, it was the first school in North America that accepted students regardless of their religion. Their women’s institution, Pembroke College, was merged into Brown in 1971. Alumni have gone on to create famous companies including ZipRecruiter, Cards Against Humanity, and CNN.

Location Providence, RI

Institution TypePrivate

Student Enrollment9,948

14Vanderbilt University

Top 25 Best Private Colleges in the US | 2023 Rankings (15)

Vanderbilt University has over 13,500 students. Many students major in Economics and Social Sciences. Other common majors are Computer Science, Neuroscience, and Engineering Science. The university was named in honor of Cornelius Vanderbilt, a shipping and rail magnate, due to his gift of $1 million. Their sports teams are known as the Commodores.

LocationNashville, TN

Institution TypePrivate

Student Enrollment13,537

15University of Notre Dame

Top 25 Best Private Colleges in the US | 2023 Rankings (16)

Edward Sorin founded the University of Notre Dame in 1842 as a private Catholic research University. Their motto is, “Vita Dulcedo Spes” or “Life, Sweetness, Hope” – referencing the Virgin Mary. The school’s teams are known as the Fighting Irish and wear the colors blue and gold. Their mascot is the very iconic leprechaun. Currently, just over 12,800 students attend.

LocationNotre Dame, IN

Institution TypePrivate

Student Enrollment12,809

16Cornell University

Top 25 Best Private Colleges in the US | 2023 Rankings (17)

Cornell University is made up of seven undergraduate colleges and seven graduate divisions. Some famous alumni have been Christopher Reeve, Bill Nye, E.B. White, and Anthony Fauci. 96% of students stay on after the first year, with 95% graduating within six years. Computer Science is the most popular major.

LocationIthaca, NY

Institution TypePrivate

Student Enrollment23,620

17Johns Hopkins University

Top 25 Best Private Colleges in the US | 2023 Rankings (18)

Johns Hopkins University was founded in 1876 and named for its first benefactor. Known as the first research university in the country, its motto in Latin is, “veritas vos liberabit,” or “the truth will set you free.” The Blue Jays men’s lacrosse team plays in the Big Ten Conference and has 44 national titles. The two most popular majors are General Public Health and Neuroscience.

LocationBaltimore, MD

Institution TypePrivate

Student Enrollment28,890

18Washington University in St Louis

Top 25 Best Private Colleges in the US | 2023 Rankings (19)

Washington University in St. Louis was named after George Washington and founded in 1853. A private research university, the school receives just under 28,000 applications a year and accepts around 4,500 students. Commonly chosen majors are Computer Science, Biology, and Experimental Psychology. Top sports on campus include track, football, and soccer.

LocationSt. Louis, MO

Institution TypePrivate

Student Enrollment15,449

19Washington and Lee University

Top 25 Best Private Colleges in the US | 2023 Rankings (20)

Originally known as the Augusta Academy and established in 1749, it would later be named after George Washington and Robert E. Lee, the latter of which was the president of the school for five years. With blue and white colors, students and athletes go by the nickname “The Generals.”

LocationLexington, VA

Institution TypePrivate

Student Enrollment2,183

20Pomona College

Top 25 Best Private Colleges in the US | 2023 Rankings (21)

A smaller school, Pomona College has about 1,475 students. The school receives around 10,400 applications and accepts 8.6% of them. The four commonly chosen majors are Econometrics, Computer Science, Mathematics, and International Relations and Affairs. The school was created when the founders wanted to recreate a “college of the New England type.” Their mascot is Cecil the Sagehen.

LocationClaremont, CA

Institution TypePrivate

Student Enrollment1,475

21Yale University

Top 25 Best Private Colleges in the US | 2023 Rankings (22)

Yale University got its start in 1701 under the name Collegiate School, getting its current name in 1718. Their motto, “lux et veritas,” means “light and truth” in Latin. The university is made up of fourteen schools including the undergraduate college, twelve professional schools, and the Yale Graduate School of Arts and Sciences. Students have a 6.5% chance of getting accepted to Yale.

LocationNew Haven, CT

Institution TypePrivate

Student Enrollment12,060

22Amherst College

Top 25 Best Private Colleges in the US | 2023 Rankings (23)

With an acceptance rate of 11.8%, Amherst College is a fairly selective school. A majority of their first-year students come from Massachusetts, New York, and California. The third oldest institution of higher education in the state, it was originally a men’s college. It became coeducational in 1975. Amherst College’s motto is “terras Irradient,” which means “let them enlighten the lands.”

LocationAmherst, MA

Institution TypePrivate

Student Enrollment1,745

23Harvey Mudd College

Top 25 Best Private Colleges in the US | 2023 Rankings (24)

Harvey Mudd College has a little under 900 students and offers programs only related to Science and Engineering. It has an 18% acceptance rate, 92% first year retention rate, and an 8:1 student-to-faculty ratio. Part of the Claremont Colleges, their colors are black and gold. The men’s teams are known as the Stags and the women are known as the Athenas.

LocationClaremont, CA

Institution TypePrivate

Student Enrollment854

24Swarthmore College

Top 25 Best Private Colleges in the US | 2023 Rankings (25)

With just over 1,400 undergraduate students, Swarthmore College is a smaller school. It was one of the first coeducational colleges in the country. The college is associated with the University of Pennsylvania through the Quaker Consortium, which means students can take classes at the four schools within the arrangement.

LocationSwarthmore, PA

Institution TypePrivate

Student Enrollment1,437

25Carnegie Mellon University

Top 25 Best Private Colleges in the US | 2023 Rankings (26)

Carnegie Mellon University has over 13,000 students currently attending, with more graduates than undergraduates. Some popular majors include Electrical Engineering, Computer Science, and Mechanical Engineering. A merger between Carnegie Institute of Technology and the Mellon Institute of Industrial Research in 1900 created the school we know today.

LocationPittsburgh, PA

Institution TypePrivate

Student Enrollment13,519

Interested in any of these schools? Check out College Raptor’s free match tool to see if they’re a good fit for you!

Methodology

Colleges are ranked based on a combination of factors, including graduation rates, campus diversity, endowment per student, and other data as reported via the National Center for Education Statistics (NCES) for the most recently-available enrollment year. Some colleges may have been excluded from rankings based on certain criteria, including specialization and classification. Learn about our full methodology.

Top 25 Best Private Colleges in the US | 2023 Rankings (2024)

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