This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
Private college tuition sure is expensive.
I'm teaching English at a private uni in Osaka.
As for the school festival at the private university you told me about the other day, could you count me out this time? I’m sorry, don’t get mad at me. I’ll contact you when I have free time.