Harvard, Yale and Princeton fund 100% of financial need with grants. The other Ivies, Stanford, Cal Tech and MIT provide grants for the large majority of need, with modest amount of loans and work study making up the difference. Moreover, all of them use an exceptionally generous formula for calculating need. A student from a family with an income under $150,000 will pay less out of pocket or by loans than at virtually any public or less-well-endowed private school.
“Harvard, Yale and Princeton fund 100% of financial need with grants. The other Ivies, Stanford, Cal Tech and MIT provide grants for the large majority of need, with modest amount of loans and work study making up the difference.....A student from a family with an income under $150,000 will pay less out of pocket or by loans than at virtually any public or less-well-endowed private school.”
This is why. These schools are a better net value compared to overpriced public universities.