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College and University Discussion
Reply to "Parents at Ivy Leagues and expensive colleges"
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[quote=Anonymous]As a factual matter, many of the DC privates skew more wealthy and upper middle class than most Ivies and certain other selective private universities. Many of the most selective private colleges are proud to publish the percentage of their incoming classes that are from Pell-Grant eligible families. Federal Pell Grants are available to students from families making less than 2.5X the national poverty rate, which equates to about $65,000 per year (compare to DC metro median income of about $110,000). So these kids are quite poor by DC standards. The recent published stats for Harvard, Yale, Princeton, Stanford, Vanderbilt, Duke... all range between 15 and 20% Pell-Grant eligible students. This percentage is much higher than the representation of "deep need" students at places like NCS, Sidwell, STA, Potomac, and others. Another indication of wealth distribution is the percentage of students at the private colleges receiving any aid (tuition assistance grants ranging from small amounts up to full-ride, which is the case for the Pell-Grant eligible students above). This number is 45% or more at the most selective colleges (46% at Duke and an astounding 70% at Harvard). By comparison, none of the local private Independent schools has more than 30 or 35% of their students on aid. I will grant that this is an inexact comparison because the cost of a private university is higher than an independent secondary, and thus the threshold for receiving aid is at a higher income level. This does, however, provide some sense for the composition of the socioeconomic diversity between the two populations. How folks choose to dress is better answered by others on this forum.[/quote]
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