Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^ Interesting fact.  Only .4 percent (four tenths of one percent) of college students attend an Ivy[/quote]

source: https://www.usnews.com/education/blogs/the-college-solution/2011/09/06/20-surprising-higher-education-facts[/quote]

Sure, the Ivies, Stanford, and MIT are the wealthiest and most generous with financial. But, all the better private colleges (for example, Amherst, Barnard, Bowdoin, Carleton, Claremont colleges, Colby, Conn College, Duke, Emory, Georgetown, Macalaster, Oberlin, Smith, Swarthmore, Tufts, Wash U, Wesleyan, Wiliams) offer full-need financial aid packages that don't "gap" (i.e. the aid packages meet all the demonstrated financial need) and only include federal guaranteed student loans (no private or parent loans). A family earning $130k will only pay a fraction of the cost of attendance at these schools, nowhere near the sticker price.  For the best students, finances are a weighty consideration, but they will find many great college options that are affordable.  The majority of students at the top schools receive very large financial aid packages.

The picture only gets really ugly when you start to look at regional private colleges. [b]They don't have resources to provide full-need aid and many devote a significant portion of their aid to [u]"merit" scholarships to attract students who don't need the money[/u].[/b] These colleges have a disappearing business model as they have almost no advantages over non-flagship in-state public options. [/quote]

1.  The scholarships are not "merit" scholarships; they are merit scholarships.

2.  The families in question, including mine, definitely need the money.[/quote]

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