Need-Based Scholarships Offer Ivy-League Discounts

Business Insider: “In 2015, the average need-based scholarship at Yale was a generous $43,989, knocking off a substantial amount of that school’s sticker price. At Harvard, 65% of students receive scholarships, and the average need-based scholarship is $46,000. These schools, along with the other Ivies, can offer such generous financial aid packages because they have extremely large endowments. Harvard’s endowment alone is worth $37.6 billion.”

“But while the net price of attending an Ivy might be really low for low-income students, those students are still not enrolling at any college in very high numbers … One reason low-income students may not enroll in large numbers is that many schools don’t do a good job of publicizing the difference between the sticker price and the net price.”