Hi everyone, my family isn't in the best financial situation and college fees look daunting. I was wondering if any of you could point me to colleges that give out the most need-based financial aid? Thank you.
Certainly, that's an important factor to consider! Several colleges are known for their generous need-based financial aid policies. Here are some examples:
- Ivy League schools like Harvard University, Princeton University, and Yale University all have robust financial aid programs. For instance, at Harvard, families who earn less than $85,000 per year pay nothing towards the cost of attendance. Families who earn between $85,000 and $150,000 per year will pay between 0 and 10% of their annual income.
- Beyond the Ivy League, Stanford University also comes to mind. Stanford offers free tuition to families making less than $125,000 a year and free room and board to families making under $65,000 a year.
- For public schools, the University of North Carolina at Chapel Hill meets 100% demonstrated need for in-state students. The University of Virginia and the University of Michigan also have strong financial aid programs.
- Amherst College and Pomona College are liberal arts colleges that are known for their need-based aid as well.
Keep in mind, to get an accurate idea of what you would pay, use the net price calculator on the college's website. It will give you a more personalized estimate based on your family's financial situation. Also, remember to fill out the FAFSA, which now uses the Student Aid Index (SAI) to determine aid.
Remember, it's not only about finding schools with generous aid but also schools that will be a good academic and cultural fit for you! Best of luck in your college search process!
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