The cost of attending a liberal arts college primarily depends on which college the student wishes to enroll in. Liberal arts colleges that include schools such as Oberlin and Harvey Mudd, emphasize undergraduate education. Liberal arts colleges are characterized by a small number of students. The enrollment numbers differ but these institutions are much smaller than most universities or colleges. Most liberal art colleges are funded privately and although some schools offer graduate programs, the primary focus is on undergraduate education. Many of these colleges focus on the study of the liberal arts subjects. The average cost of a liberal arts college is in the range of $12,000 to $27,000 per year.