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An institution that is usually meant to be mono-sex (or boys only/ girls only) and is rarely Coed. Most are  established [on the Main] Line (Pennsylvania, New York up to New England) or on the west coast (California only). [Private Schools] or Prep Schools are establishments started in the 1910s and have a "college" setting. Sometimes students board there and sometimes the school is run like a [public school]. The attendants come from families with a bit (quite a bit) more money then other families, except in the case of the occasional well-spoken scholarship boy. Instead of being forced to believe in unified ideas and socialist ideas (brought up by friends of mine who go to [public school]) they are 'encouraged' or 'forced' to come up with their own ideas about how the world should work. In this way the school will produce leaders, CEO's, and Wall Street stock analysts that will make between $450,000-$2,500,000 per year or highly paid surgeons and [consultants] that make $250-$700 an hour.
The kids attend Ivy League schools and in this way the private or prep school can claim success that they can advertise to the wealthy folk, who probably attended private/prep schools themselves. The children who attend these institutions are not always stuck up (in fact at my school VERY few are).

Pros:

-Small classes (between 10-25 kids divided into 2 homerooms)
-"New" [educational] ideas that promote self-acting 
-Prestige when applying for colleges and jobs 
-AP courses that allow up to 2 years worth of college 
 courses to be accumulated in senior year
-Less violence

Cons:

-Not usually Coed 
-Separation from the unwashed masses that the kids will have                      
 to deal with when they have big powerful administrative   
 jobs

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