An example of how an ivy league college education can be less expensive than even an in-state public university (copied and pasted from a brochure from Princeton). Billions of dollars in endowments. The key, however, is getting in. Financial Aid for Students Admitted to the Class of 2016 Family Income Average Grant* What It Covers Tuition=$38,650, room + board=$12,630 $0–60,000 $51,450 Full tuition, room + board $60,000–80,000 $46,950 Full tuition, 66% of room + board $80,000–100,000 $43,650 Full tuition, 40% of room + board $100,000–120,000 $40,600 Full tuition, 15% of room + board $120,000–140,000 $36,700 95% of tuition $140,000–160,000 $31,650 82% of tuition $160,000–180,000 $29,000 75% of tuition $180,000–200,000 $23,600 61% of tuition $200,000 and above $16,700 43% of tuition Most who qualify have two children in college. Of those who applied for aid: 100% qualify 85% qualify 45% qualify Your grant may vary from the above average based on the financial aid office’s individual evaluation of your family’s resources, including assets other than the family home or retirement funds. *A grant does not have to be repaid. Sometimes grants are referred to as “scholarships” or “gift aid.
Posted on: Thu, 13 Nov 2014 01:00:29 +0000
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