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At least NY kids have fantastic private schools as viable options. We only have Princeton, TCNJ, and Stevens.
This is like asking why food banks give away food, when they could make more money by selling the food.
That's the whole point of them.
@GMTplus7 considering the fact that I currently go to school in North Carolina, I am currently unable to go to any state that neighbors NJ. My second choice school was in Connecticut, my fourth was on LI, and my safety was in my home state