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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's difficult to interpret these data, because the top schools are much more likely than others to meet 100% of the need of students from lower income families. So, e.g., only 14% of students at Yale are poor enough to qualify for Pell grants, but since Yale meets 100% need, all of them will be getting substantial financial aid. Students from families making under $30,000 will pay an average $7800 per year to go to Yale. By comparison, 22% of the students at NYU qualify for Pell Grants, but NYU doesn't meet full need, so the average price paid per year for students from families with income under $30,000 is $27,000--an OUTRAGEOUS amount of money that is almost certainly being financed with loans. You can see that by clicking the "net price" tab here:

http://nces.ed.gov/collegenavigator/?q=new+york+university&s=all&id=193900

So I dunno, is NYU doing these poor students any big favor?[/quote]

Low-income students at Ivies still take the Pell.  Elite schools that offer to meet 100% of demonstrated need on the FAFSA without loans add  Pells, SEOGs, and any state grants for which a student is eligible into their calculations.  So, yes Pells are a good indicator of how many low-income students a school accepts.[/quote]

Sorry top PP, I reread what you wrote and realized I misinterpreted, you were saying that Yale accepts fewer Pell eligible students, but makes sure the school is affordable.  I do think you make a good point.

I work with low-income college-bound students, and it's horrible to see a student with a family income of $18,000 get into a school with a financial aid offer that leaves an over $20,000 gap.  And, it's really hard to have that conversation with families that no, taking a PLUS loan that is more than the family's income is not a good idea.[/quote]

Exactly. My teen would prefer an economically and racially diverse environment for college, but I don't intend to send DC anywhere that makes a habit of gapping students this way. It's a horribly exploitive financial model.[/quote]

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