Ivy League Educations Are Now Free
In a previous article I talked about some of the advantages of schools that are not considered top-tier. One of the major advantages I cited was the ability to graduate debt free or very close to it. After a few recent emails, I now stand corrected.
Stanford has recently announced that for families with an income of under $100,000 students would not pay tuition. For families with an income of under $60,000 students would not be required to pay either tuition or room and board. This is only the latest in a number of Ivy League and top-tier universities sweetening their financial aid packages for lower and middle class kids who might otherwise apply to and choose quality state universities. Many major papers and magazines have been covering this trend as you can read here in the New York Times and Newsweek.
Harvard, Yale, Princeton, and many others have recently followed this trend. So don’t let the price tag you believe to be correct to stop you from applying. If money is an issue just make sure your Ivy League application choice falls into the ever expanding group of universities which provide these large and generous grants to middle class students.
