Hi fellow students! Junior here looking for some advice as college application season approaches. My family isn't exactly swimming in wealth, and we are definitely going to need some need-based aid for me to go to college. Do you guys know which schools tend to offer the most in terms of need-based financial aid? I would greatly appreciate any thoughts or pointers.
Hello there!
Absolutely, there are many colleges known for offering substantial need-based financial aid. Here are a few examples:
1. Harvard University: Families earning less than $65,000 a year are not expected to contribute to college costs, and families earning between $65,000 and $150,000 generally contribute from 0-10% of their income.
2. Stanford University: Free tuition for families making less than $125,000 and free room and board for families making less than $65,000.
3. Massachusetts Institute of Technology (MIT): Offers free tuition to families earning less than $90,000 a year.
Remember to consider the overall cost of education, including room, board, books, and personal expenses, not just tuition - many of these schools aim to cover the full cost of attendance.
Lastly, it's important to use the Net Price Calculator on each school's website. This tool can help you get a more accurate estimate of the financial aid you could receive from a specific college based on your family's financial situation. Keep in mind that need-based aid can vary dramatically from one school to another.
It's crucial to apply to a balanced list of reach, match, and likely schools, all of which you'd be happy to attend and can afford. Good luck with your search!
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