That Are More Affordable Than You Think
Many young adults feel intimidated by Private School's prices and avoid applying to them, but some of the most prestigious schools are more affordable than you might think. According to The Princeton Review
and USA Today
the top "10 Best Valued Private Colleges for 2009"
1) Swarthmore College, Swarthmore, Pa.
This university is dedicated to accepting the brightest individuals without price being an issue. "About 50 percent of our student body receives scholarship assistance through Swarthmore on the basis of demonstrated financial need, and a total of 70 percent of our students will share more than a total of $24 million in scholarships, loans, and work opportunities during the 2008-2009 academic year." (Swarthmore
) For the Reading, Math, and Writing sections of the SATs most students scored between 680-780 for each section. (Black Enterprise
2) Harvard College, Cambridge, Mass.
In 2007 Harvard announced a new Financial Aid Initiative that replaced all loans with grants and allows students with family income under $60,000 to attend for free. “A single year of college at Harvard can appear to be out of reach for most families. The cost for tuition, room and board is $47,100, Franek said. “But here’s the interesting thing,” he said. “The average grant aid package at Harvard is $35,000. So that really cuts the price tag down.”(MSNBC
) Thinking about going to Harvard now? Most students that enter have an average GPA of 3.7 and 90% rank in the top 10% of their class. (Wiki Answers
3) Princeton University, Princeton, N.J.
This school also follows the trend that the other private schools have been using; “No loans: Since 2001, we have eliminated loans from our financial aid awards and replaced them with grant aid that students do not have to repay. Currently, the average financial aid grant covers 96 percent of Princeton’s tuition.” (Princeton) Only 10% of the applications that Princeton receives are accepted and 82% had a high school GPA of 3.75 or higher. (College Board)
4) Rice University, Houston, Texas
“For families whose income is $80,000 or less, Rice will meet 100 percent of need eligibility without loans. That means these students’ financial aid packages will be covered by scholarships, grants, work study and other aid. For those whose income is above $80,000 and who are need eligible, Rice will cap the amount of loans in financial aid packages at $10,000 for the four undergraduate years.” (Rice) 25% of the applicants that apply are admitted. (College Board)
5) Yale University, New Haven, Conn.
“Families earning less than $60,000 annually will not make any contribution toward the cost of a child’s education, and families earning $60,000 to $120,000 will typically contribute from 1% to 10% of total family income. The contribution of aided families earning above $120,000 will average 10% of income.” (Yale) This university accepts 10% of the applications that admitted to help make up their undergraduate class of 5,311. (College Board)
6) Williams College, Williamstown, Mass.
Although being highly competitive, “For those who have financial need, we meet that need in its entirety--with zero loans.” An average student admitted to this university had SAT scores ranging from 1300-1390. (Williams)
7) Amherst College, Amherst, Mass.
This college has a need-blind policy for admission which means that they don’t hold financial need against an applicant. “Amherst also agrees to meet the full financial need of every student who is admitted.”(Amherst) 95% of the entering freshmen are in the top 25% of their class. (College Tool Kit)
8) California Institute of Technology, Pasadena, Calif.
“The amount of self-help expected of a student is established annually by the Institute. For the 2007-2008 academic year, a freshman is typically responsible for $5,500 ($2,000 loan and $3,500 work) toward educational expenses.” (Caltech) For the class of 2012 there were 3,952 applicants and 688 were
offered admission. (Frequently Asked Questions
9) Pomona College, Claremont, Calif.
“During 2007-08, approximately $23,826,000 in scholarship was awarded to 800 students - more than half of Pomona's enrollment. The College is committed to making sure family income does not distract students from their academic goals.” (Pomona) Students that enroll here have an average GPA of 3.9 and an average SAT score of 1460. (MSN)
10) Stanford University, Stanford, Calif.
So start studying because the old excuse of “you can’t afford it”, no longer applies.
Stanford is another University that does not want money to be a reason a student doesn’t attend. “Stanford is dedicating an additional $20.7 million to need-based scholarships for undergraduates in academic year 2008-2009.” (Stanford) This means that families with income lower than $60,000 are not responsible for parent contribution. Families that have income lower than $100,000 are only responsible for around $11,000. 93% of first year students had a High School GPA of 3.75 or higher, only 1% had a GPA between 3.25-3.49. (College Board)